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Moody´s Confirms Austria´s Rating Despite Hypo Group Disaster

Politics ♦ Published: March 1, 2014; 09:20 ♦ (Vindobona)

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The rating agency has reiterated Austria´s top sovereign debt rating. Moreover, the outlook was upgraded from “negative” to “stable”.

Moody´s Confirms Austria´s Rating Despite Hypo Group Disaster / Picture: © Vindobona.org

“Uncertainty over the future of Hypo Alpe-Adria Bank International AG (Hypo Alpe) does not affect the 'AAA' rating of its government guaranteed subordinated debt.”, Fitch Ratings says. “A change in the Austrian sovereign rating is the main rating sensitivity of the notes guaranteed by the Republic of Austria. We expect Hypo Alpe's eventual fate to have limited implications for…