PostFinance Ltd is a systemically important bank and has now been assigned an AA by rating agency Standard & Poor’s.
As a financial group, PostFinance Ltd is a systemically important bank. The reasons for this are PostFinance’s significant status in domestic deposit services and its strong position in payment transactions in Switzerland. Its classification as a systemically important bank underlines PostFinance’s significance for the Swiss financial system and contributes to its stability and a robust Swiss economy.
The rating agency Standard & Poor’s currently assigns PostFinance Ltd an AA rating with a stable outlook. As a provider of basic infrastructure for payment transactions in Switzerland, which is required by the universal service obligation in payment transactions, PostFinance Ltd is classified by the rating agency as a strategically central subsidiary of Swiss Post Ltd. This is linked to the assessment that PostFinance Ltd can most likely count on extraordinary support from the government if required.
Owing to its robust capitalization and liquidity position, as well as its healthy profit and financing side, PostFinance Ltd has been assigned the AA/A-1+ long- and short-term credit ratings. This rating is in line with Swiss Post Ltd’s credit profile.