A comprehensive and reliable infrastructure for mobility in the broader sense is an important locational advantage in regional and international competition. Transport and telecommunications in its various forms still largely represents a core area of public service by the public sector in Switzerland. Public transport companies usually require a concession from the federal government, sometimes also from the canton. These concessions are linked to operational requirements for passenger transport, but also entitle them to certain state subsidies and compensation.
As a rating agency, when assessing the creditworthiness of transport and infrastructure companies, we take into account the specific institutional conditions as well as the individual risk and success factors of a company for a sustainable operational course of business. Our rating universe includes almost 30 issuers from this sector.