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Rothensteiner: Austrian Sovereign Debt Rating Includes Bank Bail-Out
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Published: December 20, 2013; 21:56 ♦ (Vindobona)

Unlike the rating agency Moody´s, head of RZB (Raiffeisen Zentralbank) Walter Rothensteiner thinks that the Austrian sovereign debt rating is not endangered by the nationalized banking sector.

Due to the deteriorating frame conditions in the Austrian banking sector, the infection risks from the CESEE region and the increase in public debt, S&P has cut Austria´s sovereign debt rating from “AAA” to “AA+” in January 2012. This week, S&P emphasized that the Austrian sovereign debt rating remains an “AAA”. The outlook is stable.
According to Moody´s,…
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