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Banks Jeopardize Austrian Triple-A Rating

Published: October 31, 2013; 18:03 · (Vindobona)

In case further aids will become imminent, Austria could lose its rating.

Banks Jeopardize Austrian Triple-A Rating / Picture: © Moody's Investors Service, Inc. - Annual Report 2013

In February 2012 US-rating agency Moody’s has graded Austria with Triple A, however, with a negative outlook and confirmed this in September last year. Apart from the internatinol debt crisis, the reason was a strong presence of Austrian banks in CESEE.

In the most recent country report, Moody’s praises the Austrian economy but warned that the country could lose its Triple A…

This article includes a total of 238 words.

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