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Banks Jeopardize Austrian Triple-A Rating
Politics ♦
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…
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