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Austria Will Not Get „AAA“ Back in Near Future
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The economist at the German Deka bank, Ulrich Kater, does not think that Austria will be upgraded within the next years.
Austria Will Not Get „AAA“ Back in Near Future / Picture: © Vindobona.org
The economist expects that Austria may re-gain its “AAA” not within the next four to five years. In January, the U.S. rating agency Standard & Poor´s downgraded Austria from “AAA” to “AA+”. Kater says that rating agencies do not amend their decisions soon.
Nevertheless, the Austrian economy is more solid than S&P argues, Kater says. A precondition of the…
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