Nowotny Underlines Improving Outlook

CommentOpinion ♦ Published: January 30, 2013; 17:29 ♦ Updated: January 30; 18:34 ♦ (Vindobona)

Ewald Nowotny, governor of Austrian National Bank (OeNB) stresses that not many countries were upgraded by the rating agencies in the last years.

Nowotny Underlines Improving Outlook / Picture: © Wikipedia / Christian Wirth (Wirthi)

Yesterday, the U.S. rating agency S&P has put the outlook from “negative” to “stable”. According to Nowotny, this is a positive sign for Austria´s economy. “Not many countries can show an upgrade, he said.

In January 2012, S&P cut the rating from “AAA” to “AA+”. According to S&P, Austria´s economy has proved robust. Despite the troubles in the…

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