Moody’s Honors Austrian Banks in CESEE

People ♦ Published: October 3, 2013; 14:07 ♦ (Vindobona)

Only a year ago, the rating agency downgraded Austria because of its banks’ engagement in Eastern Europe. However, the situation has changed to the better.

Moody’s Honors Austrian Banks in CESEE / Picture: © Moody's Investors Service, Inc. - Annual Report 2013

According to the rating agency, there are very positive developments of the CESEE engagements of Austrian banks. The risk of contingent liabilities are not as high anymore, Moody’s stated. Without the banks’ activity in Central and Eastern Europe, the domestic economy was significantly less dynamic. “I see Eastern Europe not as a factor that has long-term negative impacts on…

or Log In

Fast News Search
Related News
Austria Well Positioned in Global Economic Integration (October 3, 2013)
Economic Upturn in Austria, Eurozone and CEE (October 2, 2013)
Austrian Banking Package: Costs May Reach € 30bn (October 1, 2013)
Austria: Fitch Confirms Triple A (September 28, 2013)
Raids at Ukrainian Affiliate of Bank Austria (September 25, 2013)
Read More
CESEE, Banking Industry, Moodys, Fitch, USA, Ratings, Economic Growth, European Forum Alpbach, Erste Group, RBI Raiffeisen Bank International, Bank Austria, UniCredit, Italy, Leaders, Maria Fekter, Labor Market, Labor Market Policy, Exports, Imports, Business Policy, Budget Deficit
Featured
See latest Vindobona Newsletter