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Austria: Fitch Confirms Triple A

Published: September 28, 2013; 12:05 · (Vindobona)

Austria´s main weak point is the banking sector, the rating agency criticizes.

Austria: Fitch Confirms Triple A / Picture: © Vindobona.org

The U.S. rating agency reiterates the “AAA” sovereign debt rating for Austria. The outlook remains “stable”, analysts of Fitch say.

Austrian Minister of Finance Maria Fekter is highly satisfied with the rating. According to her, the rating is mainly due to the “fiscal discipline, the structural reforms and the offensive innovation measures”. Fekter emphasizes that the…

This article includes a total of 473 words.

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