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Hypo Group: Bad Bank Active at Least 10 Years

People ♦ Published: February 12, 2014; 09:56 ♦ (Vindobona)

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Austria’s rating by Standard & Poor’s (“AA+”, stable outlook) is currently not compromised. Because of the establishing of the bad bank the debt rate will rise four to six percent.

Hypo Group: Bad Bank Active at Least 10 Years / Picture: © Hypo Alpe-Adria-Bank International AG

According to Alois Strasser, analyst at Standard & Poor’s, the expenditures for the planned bad bank for Hypo Group are not easy to forecast. He considers the figure announced ‑ € 19bn in risks and bad loans – not to be unrealistic and estimates that the bad bank of Hypo Group will be operating at least ten years, perhaps even longer than that.

However, the expert…