Fitch: Austria´s AAA Not Endangered

Politics ♦ Published: June 19, 2012; 15:14 ♦ (Vindobona)

According to the U.S. rating agency, Austria´s creditworthiness remains at a high level. Nevertheless, reforms would be needed.

Fitch: Austria´s AAA Not Endangered / Picture: ©

For Fitch, Austria´s AAA-rating is not in danger. In spite of the big exposure of Austrian banks in Central and Eastern Europe and the unsolved debt crisis in Europe, the creditworthiness of Austria is still undisputed.

The „stable outlook“ was confirmed. Fitch explained that the riskiness of the exposure in the CESEE region is still unchanged. Nevertheless, the risks did…