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Fitch Confirms “AAA” For Austria
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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: © Vindobona.org
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,…
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