Felderer: „Another Downgrade Less Probable“

CommentOpinion ♦ Published: April 18, 2012; 15:33 ♦ (Vindobona)

The Austrian economist Bernhard Felderer thinks that the risk of another downgrade of Austrian sovereign bonds has decreased.

Felderer: „Another Downgrade Less Probable“ / Picture: © IHS Vienna

“The probability that we will lose the triple A again is less probable than three months ago.” Felderer stated. Felderer considers that the lower deficit was another advantage. Initially, the Austrian Ministry of Finance anticipated a deficit of 3.2% in 2011. The actual deficit reached 2.6%.

This week, Fitch confirmed the “AAA” for Austria. The outlook remains…