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After Downgrade of Vienna: No Consequences Expected

Politics ♦ Published: January 27, 2012; 18:02 ♦ (Vindobona)

The Viennese financial senator Renate Brauner does not fear negative impacts on Vienna´s finance. This week, the city was downgraded by S&P.

After Downgrade of Vienna: No Consequences Expected / Picture: © Vindobona.org

On Monday, the U.S. rating agency lowered the rating for the province and municipality of Vienna. The rating was reduced from “AAA” to “AA+”. S&P justified its decision with the downgrade of the Austrian federation, which has been announced on January 13. The creditworthiness of Vienna is not affected, S&P states. Besides Vienna, the last “AAA”-provinces of Austria,…

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