We are revising our outlook on Schwyzer Kantonalbank (SZKB) to stable from negative and affirming our 'AA+/A-1+' long- and short-term ratings on SZKB. The stable outlook on SZKB reflects our opinion on the credit quality of the Swiss Canton of Schwyz, the owner of SZKB, as well as our expectation that the extremely high likelihood of support from the Canton of Schwyz will remain unchanged in the next two years. On Aug. 25, 2016, S&P Global Ratings revised its outlook on Switzerland-based Schwyzer Kantonalbank (SZKB) to stable from negative. The 'AA+' long-term and 'A-1+' short-term counterparty credit ratings were affirmed. The outlook revision is based on the credit quality of the Canton of Schwyz. The canton fully owns the bank
