Swiss Canton of Vaud Upgraded To 'AAA'

14 June 2013

Upgrade To 'AAA' On Expected Very Moderate Debt Burden And Very Strong Liquidity; Outlook Stable

Standard & Poor's :

  • Plaquette AAA du rating Standard & Poor'sWe believe the Swiss Canton of Vaud has the structural means to maintain very moderate tax-supported debt and a very positive liquidity position.
  • We are therefore raising our long-term rating on Vaud to 'AAA' from 'AA+'.
  • The stable outlook reflects our anticipation that the canton will continue to post very solid budgetary performance, thanks to its very strong political and financial management.