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Rating Agency Fitch Affirms Stable Outlook for Austria at AA+
Austria's AA+ rating is supported by a rich, diversified, open and high-value-added economy with strong political and social institutions, according to Fitch, the NYC based rating agency.
October 26, 2021
Rating Agencies with Positive Outlook for Austria
Both Standard & Poors and Fitch have affirmed Austria's AA+ rating although noticing Austria's high spending for Covid-19 measures and assuming weaker economic recovery compared to the eurozone. Read more about the reasons for the ratings below.
May 10, 2021
Moody’s Downgrades Long-Term Credit Rating of Austria
Moody’s has downgraded the long-term credit rating of Austria, from "Aaa” to Aa1. In January 2012 rating agency Standard & Poors had reduced Austria’s rating from AAA to AA+, whereas in February 2015, Fitch did the same.
June 27, 2016
Fitch Upgrades Rating for Slovenia
Fitch Ratings has revised the Outlook on Slovenia's Long-term foreign and local currency Issuer Default Ratings (IDR) to Stable from Negative and affirmed the IDRs at 'BBB+'.
May 2, 2014
Fitch: Polish Rating Foundations Very Solid
As reported by news portal “Warsaw Voice”, rating agency Fitch considers the Polish credit rating foundations to be very solid.
April 8, 2014
Austria: Fitch Warns Banks of Risk with Business in Russia
The menacing sanctions against Russia with regard to the political crisis in Crimea could become a severe danger for Austrian banks.
April 1, 2014
Poland: Pension Reform Not to Affect Rating
According to rating agency Fitch, Poland’s country rating will not be affected by the pension reform.
March 25, 2014
Fitch: Elections Command Fiscal Consolidation and Reforms
Vucic appears to acknowledge the need for reforms in Serbia.
March 20, 2014
Slovenia: Banking Sector Still Prone to Risks
The Slovenian banking sector is still prone to risks as the number of non-performing loans was not reduced substantially.
March 14, 2014
Fitch Keeps Slovak Rating Unchanged
Slovakia´s issuer default rating was kept unchanged at “A+”. The outlooks remain stable.
March 1, 2014
Fitch Keeps Rating for Austria at High Level
According to the Rating agency the downsizing of Hypo Group will burden the debt rate. However, the outlook for the country’s credibility was left at a “stable” outlook.
February 21, 2014
Austria: Rating Endangered
US-based rating agency Fitch will update its country rating for Austria tomorrow. Finance Minister Spindelegger is in favor of a haircut for investors of Hypo Group Alpe Adria.
February 20, 2014
Fitch Keeps Polish Sovereign Rating Unchanged
The U.S. rating agency has reassessed Poland´s sovereign debt rating.
February 15, 2014
“Fragile Recovery in CEE Banking Sector”
According to the U.S. rating agency Fitch, the banking sector in Central and Eastern Europe is highly heterogeneous.
February 6, 2014
Fitch Criticizes European Stress Tests
The rating agency argues that there is still a lack in technical details. Regarding the robustness of the stress tests, Fitch demonstrates skepticism.
February 6, 2014
Hypo Group Alpe Adria: Fitch Recommends “Joint Bad Bank”
According to the rating agency, the best alternative is a joint solution between the Austrian state and privately held banks. In return, the bank levy should be reduced, Fitch says.
February 5, 2014
Poland: Economic Growth to Accelerate Further
Today, the U.S. rating agency Fitch has revised its economic forecast.
February 5, 2014
Bucharest: Fitch Affirms Sovereign Debt Rating
The U.S. rating agency Fitch has kept the long-term issuer default rating at “BBB-“. The outlook remains stable.
February 3, 2014
S&P Keeps an Eye on Slovenian Banking Sector
The rating agency highlights the critical conditions of the Slovenian banking industry.
January 25, 2014
Considerable Differences Across European Mortgage Markets
According to Fitch Ratings, the performance of European residential mortgage markets as a whole has improved. In Southeastern Europe, by contrast, the recovery will take some more time.
January 23, 2014
Insurance Industry Faces Growing Risks
According to the U.S. rating agency Fitch, insurers in Europe have to accept riskier investments. Ratings may deteriorate, Fitch warned.
January 22, 2014
Raiffeisen Bank International Moves Up a Gear
The second-largest lender in CESEE is in a hurry. According to the news provider Bloomberg, the capital increase may take place in the next few weeks.
January 14, 2014
CESEE: Number of NPL Declining
According to a study by Bank Austria, the number of bad loans is declining in Central and Eastern Europe.
January 14, 2014
Fitch: Positive Comment on Raiffeisen Bank International
According to the U.S. rating agency, the planned capital increase is evaluated positively. In certain CESEE market, RBI´s operations will remain challenging, Fitch said.
January 11, 2014
Romania: Slight Increase in FX Reserves
In December 2013 FX reserves increased slightly compared to the previous month.
January 7, 2014
Slovenia: PM Bratusek Confident About Tackling State Debts
Even though the country is expected to issue new state bonds next year to tackle state debts Prime Minister Alenka Bratusek suggested that Slovenia does not require loans immediately.
December 23, 2013
Stable Outlook for CESEE Banking Industry
According to the U.S. rating agency fitch, the sector outlook remains stable in Central, Eastern and Southeastern Europe. However, the well-known risks and weaknesses will persist.
December 19, 2013
Poland: Budget Bill Approved by Lower House
On Friday, the Polish lower house Sejm approved next year’s budget bill which schedules the budget deficit of PLN 47.6bn not to be exceeded.
December 16, 2013
Poland: Budget Deficit Expected to Fall
In view of the accelerating economy, Poland´s fiscal shortfall will be smaller than initially projected, the rating agency Fitch states.
December 13, 2013
Hungary: Stable Outlook Yet Still Junk Status
In spite of Matolcsy, governor of the Hungarian National Bank (MNB), demanding a better rating for the country’s credibility, the major rating agencies have not raised them.
December 12, 2013
Slovenia: Stress Tests Result Published on December 13
Bostjan Jazbec, governor of the Slovenian National Bank (SNB), is optimistic that no Slovenian bank will have to be liquidated.
November 23, 2013
Romania: Fitch Rating for Three Banks Affirmed
Fitch has affirmed the ratings for three Romanian banks and forecasts a stable outlook.
November 14, 2013
Crucial Days for Slovenia´s Government
Slovenia´s government has presented the 2014 budget to the Parliament. Prime Minister Alenka Bratusek has linked the approval to a vote of confidence. However, the budget approval is not the biggest risk factor for the ailing country.
November 13, 2013
Banking Sector Reduces Lending
Instead of offering loans to the corporate sector, banks tend to invest in sovereign bonds. The CESEE region is particularly affected by this.
November 6, 2013
Slovenia: Bailout Comes Closer
The ailing country is not expected to manage the financial crisis on its own. Calling for support from Brussels seems to be the last remaining alternative.
October 28, 2013
Moody’s Honors Austrian Banks in CESEE
Only a year ago, the rating agency downgraded Austria because of its banks’ engagement in Eastern Europe. However, the situation has changed to the better.
October 3, 2013
Croatia Tries to Avoid Bail-Out by IMF
The 28th EU member country has severe fiscal problems. In order to avoid the IMF, Croatia borrows about $ 1.5bn on the U.S. market.
October 2, 2013
Austria: Fitch Confirms Triple A
Austria´s main weak point is the banking sector, the rating agency criticizes.
September 28, 2013
Croatia: Fiscal Situation Deteriorates Further
Due to the weak economy, the budget gap will increase. The end of the recession is still uncertain.
September 26, 2013
Croatia to Issue Dollar Bonds
In order to cover its foreign exchange needs, Croatia will issue a dollar bond with a size of $ 2.7bn.
September 24, 2013
Fitch: Croatia Cut to Junk Status
Due to the fiscal situation, Fitch cuts the credit rating of the newest EU member country. The economic frame conditions do not leave enough room for reducing the public debt level, Fitch argues.
September 21, 2013
Romania: BBB-Rating for State Bonds
Fitch Ratings has assigned Romania's EUR1.5bn bond a 'BBB-' rating
September 18, 2013
Austrian Banking Sector Proves Stable
The U.S. rating agency Fitch confirms the A-rating for Erste Group, RBI (Raiffeisen Bank International), Bank Austria and VBAG.
September 18, 2013
Czech Republic: Early Vote No Danger for Sovereign Debt Rating
The current instable political situation is no significant risk factor for the Czech rating yet, the U.S. rating agency Fitch says.
August 25, 2013
Fitch Cuts Outlook for Poland
Due to the change in Poland´s fiscal policy, the U.S. rating agency lowers the rating outlook for Poland from „positive“ to „stable“.
August 25, 2013
Russia: Stable Outlook, Lower Growth Rates
The rating agency Fitch reiterates the “BBB” rating for Russia. The outlook remains stable. However, Russia´s GDP forecast had to be lowered.
August 17, 2013
Fitch: European Investors See Withdrawal of Bank Stimulus
More European investors now see the withdrawal of central bank stimulus as a bigger risk to European credit markets than eurozone sovereign debt problems.
August 9, 2013
Slovenia Likely To Require Bailout
According to Capital Economics Ltd. Slovenia will in all likelyhood ask for a bailout to bolster its ailing banking sector in case the debt crisis in Europe should worsen.
June 28, 2013
Slovenia Expects Economic Recovery As Soon As 2014
On Saturday, the Slovenian Finance Ministry expressed its confidence that the newly adopted action plan would help stabilize public finances and help gain economic recovery despite of Fitch’s downgrade.
June 24, 2013
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