Sponsored
Article Tools

Moody’s Downgrades Long-Term Credit Rating of Austria

Published: June 27, 2016; 17:26 · (Vindobona)

Moody’s has downgraded the long-term credit rating of Austria, from "Aaa” to Aa1. In January 2012 rating agency Standard & Poors had reduced Austria’s rating from AAA to AA+, whereas in February 2015, Fitch did the same.

Moody’s Downgraded Long-Term Credit Rating of Austria / Picture: © Wikipedia

The outlook was always left unchanged.

What determined the latest rating change by Moody’s was the weak long-term growth expectations.

In view of the poor growth rate it would be difficult to reduce the high state debt considerably and on a permanent basis.

Moody’s estimates Austria’s GDP growth rate at 1.3 percent/year on average until 2020.

While…

This article includes a total of 95 words.

or Log In

Fast News Search
Read More