Zurich could lose its triple-A credit rating as the city's debt climbs toward CHF 14 billion by 2030
Standard & Poor's has shifted its outlook from stable to negative, piling pressure on the city executive to tighten budgets.
Investment is being capped at CHF 1.5 billion a year through 2029, and officials are considering pausing two voter-approved measures — cheaper public transport passes and health insurance premium relief — that together cost around CHF 255 million a year.
The 2027 budget debate in December is the next test.
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