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Finance Ministry: "Fitch Downgrade has no Impact on Austria Rating"

Published: February 20, 2015; 16:30 · (Vindobona)

In response to the rating announcement by rating agency Fitch, the Austrian Federal Ministry of Finance says, that the current Fitch rating has no impact on the Austria rating due to temporary debt increase.

Finance Ministry: Fitch Downgrade has no Impact on Austria Rating / Picture: © ÖVP Bundespartei / Jacob Glaser

In response to the rating announcement by rating agency Fitch, the Austrian Federal Ministry of Finance has reacted by issuing the following statement:

"After recalculating the level of debt under the European system and active reworking of liabilities arising from various bank restructuring programmes, there has been a temporary rise in the level of government debt. This will…

This article includes a total of 122 words.

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