Rtrs reporting but I’m sure S&P will be keeping a close eye

CHF pairs lower again as I type

USDCHF 0.8700 EURCHF 1.0118

Update:

  • SNB action could dampen exports over next 2/3 years
  • expects country to weather the storm

Still, we think Switzerland’s strong economy and solid public finances will resist this exchange rate shock

S&P currently rates Switzerl;and at AAA