Sponsored Content
Downgrade for Austrian Banks
The U.S. rating agency Moody´s downgrades Erste Group, Raiffeisen Bank International and Bank Austria.

Moody´s made a re-evaluation of Austrian banks. Due to their „low equity quotas“ and the business in Eastern Europe, Moody´s downgrades the three biggest Austrian lenders Erste Group, RBI and UniCredit´s subsidiary Bank Austria. Erste Group fell by two notches, RBI and Bank Austria were downgraded by one notch.
The downgrade of the creditworthiness would reflect the…
or Log In
Fast News Search