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Fitch Confirms AAA for Austria
Politics ♦
Published: November 9, 2012; 16:58 ♦ Updated: November 9; 17:13 ♦ (Vindobona)
The outlook is „stable“. The rating agency is worried about the banking sector, however.
Fitch Confirms AAA for Austria / Picture: © Vindobona.org
After Moody´s has confirmed the AAA-rating for Austria, also Fitch reiterates the rating. By contrast, the outlook is “stable”. According to Moody´s, the outlook is “negative”. S&P has downgraded Austria already in January.
Fitch explains that the biggest threat for Austria is the own financial sector and the exposure in Eastern Europe. Austria´s Minister of…
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