Fitch Confirms Rating for VBAG

Businessn.a. ♦ Published: March 7, 2012; 17:05 ♦ (Vindobona)

The U.S. rating agency retains the A rating for the fourth largest Austrian bank.

Fitch Confirms Rating for VBAG / Picture: © Fitch

The long-term rating IDR for VBAG, the top bank of the Austrian Volksbanken group was confirmed at A. The outlook is stable, says Fitch. VBAG´s short term IDR rating and the viability rating (bb-) were confirmed too. The viability rating remains at Fitch´s watch list.

Fitch pointed out that in spite of announced equity measures the risk profile and financial structure of VBAG…