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Raiffeisen Research: CESEE Deserves Better Credit Ratings
Analysts of Raiffeisen Research think that Austria´s sovereign debt rating is worse than the rating agencies say. The CESEE region, by contrast, is seen too critically, Raiffeisen Research argues.
Raiffeisen Research: CESEE Deserves Better Credit Ratings / Picture: © Calculation
In January 2012, S&P has cut Austria´s sovereign debt rating from “AAA” to “AA+”. Fitch and Moody´s have kept the top rating unchanged. For Austrian bonds, the downgrade remained without any consequences. In the course of the Eurozone crisis, borrowing costs came close to zero. At the moment, the interest rate for ten-year sovereign bonds come at 2.2%.
According to…
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