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S&P: Austrian Energy Suppliers more Robust than Competitors
Companies ♦
Published: November 3, 2011; 16:04 ♦ (Vindobona)
Southern European providers are especially affected by the current debt crisis. Austrian companies “seem to be immune”, the rating agency says.
S&P: Austrian Energy Suppliers more Robust than Competitors / Picture: © Vindobona.org
While the credit rating of several energy suppliers especially from southern Europe has suffered considerably from the debt crisis, the Austrian providers have proved to be very robust. In the last four quarters alone, the US rating agency Standard & Poor’s (S&P) has cut the rating of 23 out of 158 companies, while only 14 were upgraded. The Austrian energy providers rated by…
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