Austrian Companies Not Worried by US Downgrade

Business › n.a. ♦ Published: August 9, 2011; 00:57 ♦ (Vindobona)

Despite falling share prices, most Austrian companies with exposure to the USA remain confident.

Austrian Companies Not Worried by US Downgrade / Picture: © Vindobona.org

The United States’ image has been severely damaged by the recent credit rating downgrade. Nonetheless, the Austrian players in the country still believe in the market’s potential.

Semperit CEO Thomas Fahnemann is the exception. He is worried by the downgrade and the state’s record deficit. “It is a huge issue for us. The US have always reached a consensus in times of…

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