S&P Upgrades Austrian Provinces

Businessn.a. ♦ Published: January 31, 2013; 10:58 ♦ (Vindobona)

After the upgrade of Austrian sovereign bonds, the U.S. rating agency amends the outlook for six Austrian provinces from „negative“ to “stable”.

S&P Upgrades Austrian Provinces / Picture: © Flickr / Ryan H

In January 2012, the U.S. rating agency has downgraded Austria´s sovereign debt rating from “AAA” to “AA+”. Austria did not get back its top rating yet. However, the outlook was upgraded from “negative” to “stable” this week.

Now, S&P has put the outlook for the six Austrian provinces of Vienna, Upper Austria, Lower Austria, Burgenland, Styria and Tyrol from…

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