Article Tools

Standard & Poor’s: Austria's Credit Rating at Risk

Published: November 11, 2010; 11:17 · (Vindobona)

The reasons for such gloomy prospects are not problems with the banks or domestic companies, but rather the demographic situation threaten Austria's credit rating.

Standard & Poor’s: Austria's Credit Rating at Risk / Picture: © Vindobona.org

The rating agency Standard & Poor's warns: if Austria does not radically face the present demographic trend, credit rating will drop from the currently outstanding AAA into the B range. The massive rising expenditure on pensions and health will no longer be financially viable soon, say the analysts.

In the study "Global Aging 2010: An Irreversible Truth", Standard &…

This article includes a total of 216 words.

or Log In

Fast News Search