Expert RA Assigns Sovereign Rating and Credit Environment Rating
OREANDA-NEWS. 'Expert RA' rating agency assigned sovereign rating ААА, which means the highest credit solvency, in foreign and national currency, to Switzerland. The credit environment rating AAA, which means the highest credit environment quality, in foreign and national currency, was also assigned to the country.
The low debt level, the low cost of servicing public borrowings, a good balance of the governmental budget, high economic competitiveness, high GDP by the purchasing power parity per capita had a positive impact on the sovereign rating and the credit environment rating of Switzerland.
Deflation, potential risks related to a high share of provided mortgage loans, with the extremely high ratio of the private sector loans to GDP, and the population upsurge restrained the rating.