Business · Companies · 16 hrs ago
ZKB expands its Swiss Rating Guide to 431 pages
The Zürcher Kantonalbank has published the 25th Swiss Rating Guide, its annual overview of domestic issuers in Switzerland’s franc bond market.
The guide covers 165 issuers, representing 98% of the domestic market segment, and includes profiles of borrowers and their outstanding bonds.
The bank says 12 borrowers were upgraded and three downgraded between July 2025 and September 2026; UBS Group was the only issuer raised by two rating steps.
The guide’s profiles are now organised by sector and include more information on each borrower’s credit strengths, weaknesses and financial figures.
This expanded format brings the 2026 edition to 431 pages, more than double last year’s size.
The guide will no longer be available in print, but bond investors can access profiles through the bank’s research portal.
ZKB says profiles will be updated during the year after significant events, with collected updates made available quarterly.
Zurich Cantonal Bank has released the 25th edition of its Swiss Rating Guide, which now runs to 431 pages.
The guide covers 165 domestic issuers, representing 98 percent of the domestic segment.
Issuer profiles are now organised by sector and include more credit analysis, figures and graphics.
The publication is more than twice as long as last year’s edition.
The guide will be available electronically, with issuer profiles updated during the year after significant events.
- Who
- Zurich Cantonal Bank (ZKB), through its Credit Research team.
- What
- ZKB has expanded and revised its annual Swiss Rating Guide.
- When
- The 2026 edition was presented a few days before the article was published on October 15, 2026.
- Where
- The guide covers domestic issuers active in Switzerland’s Swiss-franc bond market.
- Why
- ZKB revised the guide to provide more information about issuers and make profiles available for updates during the year.
This story does not have two clearly opposing sides.
Domestic and foreign issuers launched 558 new bonds with a total volume of about 124 billion francs.
The Swiss National Bank cut its policy rate to 0 percent.
Twelve issuers received rating upgrades and three were downgraded.
ZKB presented the 25th edition of its Swiss Rating Guide.
- Edition
- 2026, the guide’s 25th edition
- Length
- 431 pages, more than twice the previous edition
- Coverage
- 165 issuers, or 98 percent of the domestic segment
- Format
- Electronic only; no printed edition
- Rating changes
- 12 upgrades and 3 downgrades from July 2025 to September 2026
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