Close ties with the financially strong Canton of Schwyz, facilitated by full ownership and a statutory guarantee. Very strong capitalization alongside prudent risk management. Leading franchise in home canton. Concentration risk in residential mortgage lending in the Canton of Schwyz. Strong reliance on net interest income amid the challenging low-interest-rate environment. The stable outlook on Schwyzer Kantonalbank (SZKB) mainly indicates that we expect the likelihood of support from the Canton of Schwyz to remain unchanged in the next two years. Our rating on SZKB remains sensitive to our assessment of the cantonal owners' ability and willingness to support the bank. A weakening in SZKB's role for or link with the canton, or detrimental changes in the statutory guarantee, could lead
