Austria Will Not Get „AAA“ Back in Near Future

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…