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Fitch Keeps Rating for Austria at High Level

Published: February 21, 2014; 09:54 · (Vindobona)

According to the Rating agency the downsizing of Hypo Group will burden the debt rate. However, the outlook for the country’s credibility was left at a “stable” outlook.

Fitch Keeps Rating for Austria at High Level / Picture: © Fitch

On Friday US rating agency Fich has affirmed Austria's Long-term foreign and local currency Issuer Default Ratings (IDR) at “AAA”. Additionally, the outlook was affirmed at “Stable”. The issue ratings on Austria's unsecured foreign and local currency bonds have also been affirmed at 'AAA. Fitch has also affirmed the Short-term foreign currency IDR at 'F1+' and Country Ceiling at…

This article includes a total of 213 words.

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