Fitch Upgrades Individual Ratings of Austrian Banks

Published: May 25, 2011; 16:31 · (Vindobona)

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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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.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.