Fitch Confirms “AAA” For Austria

More+Comment ♦ Published: April 17, 2012; 14:33 ♦ (Vindobona)

The U.S. rating agency Fitch Ratings has affirmed Austria's Long-term foreign and local currency Issuer Default Ratings at 'AAA'. The rating Outlooks on both Long-term ratings are Stable.

Fitch Confirms “AAA” For Austria / Picture: ©

Austria's 'AAA' rating is underpinned by its developed, flexible economy, strong domestic institutions and a long track record of stability-oriented economic policy. The solid economic fundamentals are reflected in a fast recovery from the 2008-09 recession, low unemployment and a relatively favourable fiscal position within the eurozone.

"Notwithstanding the strong fundamentals,…