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Austria: Moody’s Confirms Rating and Outlook for Carinthia
US rating agency rewards the government’s solution about Hypo Group with a confirmation of the creditworthiness of the province of Carinthia.
Moody's give the confirmation subsequent to the government's decision about Hypo Group. / Picture: © Vindobona.org
As announced by Moody’s yesterday evening, Carinthia will still be rated with “A2” with a stable outlook. In mid-February the rating agency has downgraded the province’s rating from A1 to A2 as a response to the ongoing discussions about a possible insolvency of the ailing bank.
The confirmation was given subsequent to the decision of the Austrian government, to exclude…
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