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AAA Rating Confirmed for Austria
People ♦
Published: December 22, 2010; 18:46 ♦ (Vindobona)
The rating agency Standard & Poor’s; leaves Austria’s credit status unchanged.
AAA Rating Confirmed for Austria / Picture: © Wikipedia / Tsui
The creditworthiness of the Austrian state budget remains at an excellent level. Austria remains a "reliable and stable debtor” in spite of the high level of debt. The outlook is also rated as "stable".
In addition, Austria's economy is classified as "strong", with a consolidation plan "clearly defined” by the government. The moderate wage increases and the flexible labor…
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