S&P Downgrades Austrian Provinces

People ♦ Published: January 26, 2012; 17:54 ♦ (Vindobona)

The U.S. rating agencies lowers ratings for Upper Austria, Vienna and Tyrol from “AAA” to “AA+”.

S&P Downgrades Austrian Provinces / Picture: © Wikipedia / Dein Freund der Baum

After the Austrian Republic had lost its triple-A rating two weeks ago, now the remaining three “AAA”-provinces Upper Austria, Vienna and Tyrol were downgraded to “AA+”. Moreover, the outlook for Burgenland, Lower Austria and Styria was put on “credit watch negative”. These three provinces also have a “AA+” rating.

“The downgrades reflect our methodology, which…

or Log In

Fast News Search
Related News
Treichl: „S&P Errs Sometimes“ (January 25, 2012)
Loss of “AAA“: Austrians Blame Politicians (January 20, 2012)
Government to Sharpen Austerity Measures (January 17, 2012)
Downgrade: „It´s Time to Take Action“ (January 15, 2012)
Austria to Lose its AAA (January 13, 2012)
Read More
Upper Austria, Tyrol, Ratings, USA, S & P, Public Debt, Josef Puehringer
Featured
See latest Vindobona Newsletter