Austria: Moody’s Confirms Rating and Outlook for Carinthia

BusinessEconomy ♦ Published: March 28, 2014; 09:34 ♦ (Vindobona)

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: © Wikipedia / Imalipusram

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…