Advertise with Vindobona.org

Stepic Criticizes Rating Agencies Sharply

People ♦ Published: February 20, 2012; 14:29 ♦ (Vindobona)

For Herbert Stepic, CEO of Raiffeisen Bank International (RBI), statements given by the U.S. rating agencies are “undifferentiated”.

Stepic Criticizes Rating Agencies Sharply / Picture: © Flickr / St. Petersburg International Economic Forum

The riskiness of operations in Eastern Europe is described imperfectly by Moody´s and Standard & Poor´s, says Stepic in an interview with the Austrian newspaper “Der Standard”.

Apart from Belarus and Hungary, CEE countries are performing well, Stepic says. As a result, the risks in Eastern Europe for Austrian banks are limited. “For me it is incomprehensible why the…

or Log In

Fast News Search
Related News
Raiffeisen Builds Shopping Center in Bukarest (February 10, 2012)
RBI: „Capital Increase is Pure Speculation“ (February 9, 2012)
Hungary: 160,000 Loan Takes Convert Foreign Currency Debt (February 7, 2012)
Losses in Hungary Keep Within a Limit (February 1, 2012)
RBI Structures Credit Facility for Chinese Company (February 1, 2012)
Read More
Herbert Stepic, RBI Raiffeisen Bank International, Poland, Belarus, Hungary, USA, Ratings, Moodys, S & P, Banking Industry, Polbank, M & A, EBA European Banking Authority, Equity Markets, Capital Increase, CESEE, Lending
Featured
Vienna International Centre - Live-Ticker Coronavirus Situation: Several New Positive COVID-19 Cases, Total of 93 Cases
List of National Days of the Home Countries of All Foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter