S&P Upgrades Austrian Sovereign Bonds

Politics ♦ Published: January 29, 2013; 16:58 ♦ (Vindobona)

Finance Minister Maria Fekter on Standard and Poor's upgrade: "We are on the right path and our measures are showing results".

S&P Upgrades Austrian Sovereign Bonds / Picture: © Wikipedia / Imalipusram

One year ago, the U.S. rating agency has downgraded Austria´s creditworthiness from “AAA” to “AA+”. Austria did not get back its top rating yet. However, the outlook was upgraded from “negative” to “stable”.

“We managed the crisis better than other countries and our budget policies, particularly the reform package, are showing results”, said Minister of…

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