Moody's Put Austria on Warning

People ♦ Published: February 14, 2012; 13:23 ♦ (Vindobona)

The Austrian “AAA” rating has been confirmed by the U.S. rating agency. However, credit-watch is put on “negative”.

Moody's Put Austria on Warning / Picture: ©

Moody's chopped the debt ratings of Italy, Spain and Portugal and put France, Britain and Austria on warning, saying they were increasingly vulnerable to the eurozone crisis. The ratings agency cited the region's weak economic prospects as threatening "the implementation of domestic austerity programs and the structural reforms that are needed to promote competitiveness."