Aug 04, 2020

Fitch: Big Swiss Companies Well Prepared for Currency Volatility - Reuters

(The following statement was released by the rating agency) LONDON, January 19 (Fitch) The Swiss National Bank's decision to scrap its currency cap is broadly negative for Swiss companies, but the impact on Fitch-rated corporates will be limited, Fitch Ratings says. A large proportion of their costs are overseas and the currencies of their assets and liabilities tend to be well matched. There...

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