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Fitch Upgrades Individual Ratings of Austrian Banks
The “A” rating of the big Austrian banks has been confirmed. The individual rating of Erste, RBI and Bank Austria was upgraded.
Fitch Upgrades Individual Ratings of Austrian Banks / Picture: © Vindobona.org
Fitch Ratings has affirmed Erste Group’s, Raiffeisen Bank International's, UniCredit Bank Austria's and Volksbanken Group’s long-term issuer default ratings (IDR) at 'A' with stable outlooks. At the same time, Fitch has upgraded Erste's individual rating - or where it stands without any outside support - to 'B/C' from 'C' and RBI's and Bank Austria's individual ratings to 'C' from…
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