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OeNB´s Nowotny Says Regaining AAA Credit Rating Can Take Years
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Published: February 25, 2012; 17:06 ♦ (Vindobona)

European Central Bank Governing Council member Ewald Nowotny said history has shown that it can take years for a country to win back an AAA rating.

“If we just look at this in practice, one can see that an AAA rating can be lost quickly, but that it can take a very long time to regain it,” Nowotny, who also heads the Austrian central bank, told reporters in Vienna today.
Austria and France lost their AAA rating at Standard & Poor’s on Jan. 13, as the rating company also downgraded seven other euro nations, citing…
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