Felderer: „Another Downgrade Less Probable“
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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…
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