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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.
Rothensteiner: Austrian Sovereign Debt Rating Includes Bank Bail-Out / Picture: © Raiffeisen Zentralbank Österreich AG / Peter Rigaud
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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