Fitch: Positive Statements for Austrian Banks

Businessn.a. ♦ Published: June 19, 2012; 20:24 ♦ (Vindobona)

For the U.S. rating agency, the lending activities of Austrian banks in Eastern Europe is only a minor risk factor.

Fitch: Positive Statements for Austrian Banks / Picture: © Fitch

In general, Fitch sees a neutral trend at Austrian banks. For Fitch, RBI, Erste Group, UniCredit Bank Austria, VBAG and Komunalkredit have an „A“ rating and a stable outlook. The earnings of Austrian banks would be under pressure, but the situation would not be dramatic. The rating would be influenced by the euro-crisis, Fitch added. Anyway, refunding would be secured in…

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