Sponsored
Article Tools

Despite Loss of AAA: Austria Pays Less Interest

Published: March 10, 2012; 19:55 · (Vindobona)

The Austrian Republic had to pay € 300m less than initially expected in 2011. In spite of the downgrade by S&P, the trend seems to continue.

Despite Loss of AAA: Austria Pays Less Interest / Picture: © Flickr

Martha Oberndorfer, chairwoman of ÖBFA (Austrian Federal Financing Agency) is optimistic that Austria re-gains the AAA-rating after the budget is restructured.

Currently, Austria has to pay substantially less interest than in January. Moreover, the spread between German and Austrian bonds declined again. Two of the three major rating agencies still have rated Austria at…

This article includes a total of 233 words.

or Log In