Austrian AAA „Not in Danger“

More+Comment ♦ Published: July 12, 2012; 16:30 ♦ (Vindobona)

The Austrian economist and chairman of the public debt council Bernhard Felderer thinks that Austria will keep its Triple-A rating. Felderer´s statement is not undisputed.

Austrian AAA „Not in Danger“ / Picture: © IHS Vienna

According to Felderer, the financial markets responded positively to the restructuring strategy of the Austrian government. „I do not think that we are in an acute danger.“ At the moment, Austria still has two „AAA“ ratings. For Fitch and Moody´s, Austria´s financial situation is viewed positively. However, in January, S&P downgraded Austria from „AAA“ to…