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