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Geneva gets top credit rating

Tuesday, 20 June 2023 06:30

The canton of Geneva has been awarded a double A credit rating by the US firm Standard and Poors.

The Finance Department says the high rating is a record.

But the canton wants to further improve. The double A rating is the second highest, it has its aims on securing the top rating of a triple A – which is the level of the Confederation. 

In a press release, the canton says if the Geneva economy continues to fuel the growth of taxation – that will further secure the state’s finances. 

Standard and Poors is one of the main rating agencies in the world.

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