Moody’s Raises Outlook on Austrian Banks

Politics ♦ Published: March 7, 2014; 08:58 ♦ (Vindobona)

Rating agency Moody’s has raised the outlook on five Austrian Banks.

Moody raises the outlook on five Austrian banks to "stable". / Picture: © Wikipedia / Imalipusram

The outlook on five Austrian banks, among them Hypo Group Alpe Adria International, Kontrollbank, Bawag P.S.K., KA Finanz and Hypo Vorarlberg, was upgraded to “stable”. Because of the outlook on emissions and bank deposits guaranteed by public authorities the outlook was raised.

The bonds and bank deposits guaranteed by the Republic and issued by the mentioned banking…

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