Austria: S&P Keeps Rating Unchanged

Politics ♦ Published: December 19, 2013; 13:07 ♦ (Vindobona)

The U.S. rating agency confirms the “AA+” rating for Austrian sovereign bonds. An upgrade is unlikely in the next years.

Austria: S&P Keeps Rating Unchanged / Picture: © Wikipedia / Magnus Manske

In January 2012, S&P has lowered the rating from “AAA” to “AA+”. Today, S&P emphasized that the Austrian sovereign debt rating remains an “AAA”. The outlook is stable.

Already in October, S&P said that Austria will not be upgraded in the next years. The rating agency said that the fiscal situation did not improve in the last two years. S&P stated that…