Sponsored Content
„There´s no Crisis in Eastern Europe“
Politics ♦
Published: June 8, 2012; 12:59 ♦ (Vindobona)
Austrian economists and bankers do not comprehend the downgrade by Moody´s. The risk in Eastern Europe would be more differentiated, OeNB´s governor Nowotny said.
„There´s no Crisis in Eastern Europe“ / Picture: © Vindobona.org
This week, Moody´s made a re-evaluation of Austrian banks. Due to their „low equity quotas“ and the business in Eastern Europe, Moody´s downgrades the three biggest Austrian lenders Erste Group, RBI and UniCredit´s subsidiary Bank Austria. Erste Group fell by two notches, RBI and Bank Austria were downgraded by one notch.
The downgrade of the creditworthiness would reflect…
or Log In
Fast News Search