Fitch Confirms Austria’s Triple-A Rating

Politics ♦ Published: July 25, 2011; 16:39 ♦ (Vindobona)

The U.S. rating agency confirmed the Republic of Austria’s AAA credit rating. The outlook remains “stable”.

Fitch Confirms Austria’s Triple-A Rating / Picture: © Fitch

Fitch, one of the three major rating agencies currently facing fierce criticism of European politicians, has confirmed Austria’s AAA rating as well as the stable outlook. The Austrian economy had recovered faster than expected. Furthermore, concerns regarding Austrian banks’ exposure in Central and Eastern Europe had been overcome, said Veronica Kalema, Director of Fitch’s…

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