SNB’s AA Bond Holdings Rise as France’s Downgrade Shows

The Swiss National Bank’s holdings in AA-grade bonds increased in the fourth quarter, which may reflect downgrades to once top-rated nations such as France. The share of AAA-rated debt fell to 78 percent of the SNB’s bond holdings in the fourth quarter from 86 percent three months earlier, while…

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SNB’s AA Bond Holdings Rise as France’s Downgrade Shows

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