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Austria Will Not Get „AAA“ Back in Near Future
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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