S&P Warns of Further Downgrade

Politics ♦ Published: October 26, 2013; 13:15 ♦ (Vindobona)

The rating agency has kept the “AA+” rating. However, Austria has to put more effort into austerity measures, the rating agency stresses.

S&P Warns of Further Downgrade / Picture: © Vindobona.org

In January 2012, S&P has cut Austria´s sovereign debt rating from “AAA” to “AA+”. If the new government does not continue the planned austerity policy, Austria´s rating may be cut further, S&P warned. At the moment, the two biggest Austrian parties are talking about a future coalition. The old government, which was composed of the same parties, planned to lower the…

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