Fitch: Austria´s AAA-Rating Not Endangered

Businessn.a. ♦ Published: January 10, 2012; 11:27 ♦ (Vindobona)

According to the U.S. rating agency, the financial stability in Austria is still excellent. The bond auction today went well.

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

In spite of serious risks of Austrian banks operating in Hungary, Austria is not endangered to lose its triple-A rating. Also Germany and France will keep their AAA-rating in 2012, Fitch underlined.

The manager for European country ratings, Ed Parker, regards Austria to be not concerned from the situation in Hungary yet. However, the financial crisis in Hungary would also bring…