What is Pictet's rating?
According to international agency FitchRatings, Pictet's ratings are very good for a bank of its size. Their comments are as follows:
- Short term F1+: excellent rating
- Long term AA-: very good rating
- Individual A/B: irreproachable financial situation
These ratings attest to Pictet's solidity, which is generated among other factors by an equity base significantly larger than that required by Swiss banking regulations, already among the most stringent in the world.
In addition to the Bank's strong capital base, it also benefits from a virtual absence of proprietary positions, as well as the absence of long-term debt and of commercial banking activities.
The rating agencies play a key role in the world of international finance in that they allow banking establishments and finance houses to see how the competition is performing.
