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Moody's affirms Switzerland Aaa rating; stable outlook

FXstreet.com (San Francisco) - Moody's Investors Service has affirmed the Swiss sovereign debt at Aaa according to a recent press release published by the agency. The outlook remains stable.

According to Moody's, Switzerland enjoys of a "government's very high financial strength, a broad consensus on fiscal discipline and a favourable public debt burden." The country has a very high financial strength, "as reflected in its open, highly diversified economy and high average incomes, both of which are expected to be maintained over the long term."

Switzerland had a surplus of 0.3% of GDP in 2012. In this way, the agency highlights "the government's ability to outperform its budgetary targets despite a weaker-than-expected growth environment in 2012."

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Session Recap: The Greenback declines on risk off environment

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