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Moodys

Moody's Lifts Outlook for Austrian Banks

Moody's lifts outlook for Austrian banks on positive, because the economic recovery in Austria makes it possible to improve the outlook for domestic banks.

August 24, 2017

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

Austria: VBAG Downgraded to Junk Status

Moody´s has lowered VBAG´s rating. According to the rating agency, the partly nationalized Austrian bank has no investment grade anymore.

March 29, 2014

Austria: Moody’s Confirms Rating and Outlook for Carinthia

US rating agency rewards the government’s solution about Hypo Group with a confirmation of the creditworthiness of the province of Carinthia.

March 28, 2014

Moody´s Downgrades Bank Austria

The U.S. rating agency Moody´s takes a closer look at European banks. Due to the worsening asset quality of Bank Austria´s parent company UniCredit, Bank Austria´s rating was cut to “Baa2”.

March 22, 2014

Moody’s Raises Outlook on Austrian Banks

Rating agency Moody’s has raised the outlook on five Austrian Banks.

March 7, 2014

Moody´s Confirms Austria´s Rating Despite Hypo Group Disaster

The rating agency has reiterated Austria´s top sovereign debt rating. Moreover, the outlook was upgraded from “negative” to “stable”.

March 1, 2014

Hypo Group: “Worst Thing If Government Does Not Make Decision”

According to Felderer, President of the Fiscal Council, a downgrade in the country rating must not be taken “too seriously”.

February 28, 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

Liebscher: Government Is to Blame

Head of Hypo Group’s Task Force Klaus Liebscher rejects being turned into the scapegoat of delaying important decisions about the downsizing of the problem bank. Instead, he points his finger to the Austrian government.

February 20, 2014

Picker: Hypo to Cost Taxpayers “Only” up to € 4bn

According to CEO of Hypo Group Alpe Adria Picker, the ailing bank will burden taxpayers with “only“ € 4bn at the most. Head of IHS, Keuschnigg, warns the Austrian policy-makers of forwarding costs to bondholders.

February 19, 2014

Austria: Moody’s Downgrades Four Bonds

Moody’s downgraded four bonds of Austrian banks on Tuesday. The outlook is negative.

February 19, 2014

Hypo Bankruptcy Could Severly Harm BayernLB

Rating agency Moody’s sees German BayernLB impacted by the critical capital situation in the coming years.

February 18, 2014

Threat of Bankruptcy: Moody´s Cuts Hypo Group Alpe Adria´s Rating

The U.S. rating agency downgrades the rating of the Austrian nationalized lender by four notches. Moody´s referred to the uncertainty and the vague statements of the Austrian government.

February 15, 2014 · Updated: February 15, 2014; 18:47

Ukraine: RBI Examines Offers

Raiffeisen Bank International (RBI) has received a total of twelve offers for its Ukranian affiliate.

February 10, 2014

Raiffeisen Bank International: Moody´s Downgrades Ukrainian Subsidiary

Due to the political instability, the U.S. rating agency lowers the rating of Aval Bank, the Ukrainian affiliate of Austrian RBI (Raiffeisen Bank International).

February 5, 2014

Upgrades for Slovenian Banks

The long-term ratings of three banks were upgraded by Moody’s.

January 31, 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

Poland: PKO BP Bond Rated A2

Rating agency Moody’s gave an “A2” with a negative outlook on the € 500m bond by Polish key lender PKO BP.

January 23, 2014

Rothensteiner: Austrian Sovereign Debt Rating Includes Bank Bail-Out

Unlike the rating agency Moody´s, head of RZB (Raiffeisen Zentralbank) Walter Rothensteiner thinks that the Austrian sovereign debt rating is not endangered by the nationalized banking sector.

December 20, 2013

Austria: Options of Bad Bank for Hypo under Examination

Finance Minister Spindelegger intends to meet with experts to discuss options of a bad bank for Hypo Group Alpe Adria.

December 20, 2013

Austria: S&P Keeps Rating Unchanged

The U.S. rating agency confirms the “AA+” rating for Austrian sovereign bonds. An upgrade is unlikely in the next years.

December 19, 2013

Poland: Parliament Approves Nationalization of Pension Fund

Today, the Polish Lower House approved the controversial pension reform. With the reform, the Polish pension system will be partly re-nationalized.

December 10, 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

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

Banks Jeopardize Austrian Triple-A Rating

In case further aids will become imminent, Austria could lose its rating.

October 31, 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: Poland Threatened by Outflow of Foreign Funds

Rating agency Moody’s evaluates the country being moderately exposed to the risk of foreign outflows.

October 14, 2013

Poland´s Banking Sector Underlines Stability

Moody´s Upgrades Poland´s banking sector. After the upgrade, Polish banks have their best rating since 2007.

October 12, 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

Poland´s Budget Gap Narrows

The Polish government has approved the final budget draft for 2014.

October 1, 2013

Poland: Pension Scheme Reform to be Eased

At the beginning of September, Poland´s government decided to re-nationalize the pension system. Now, the government considers relativizing the reform.

September 28, 2013

Poland: Re-Nationalization of Pension Scheme

Poland takes back the partial privatization of pension system. The re-nationalization does not affect Poland´s sovereign debt rating.

September 7, 2013

Hungary: Another Base Rate Cut

Hungary´s National Bank (MNB) has cut the base rate from 4.00% to 3.80%. This is a new record low. Nevertheless, MNB was expected to decide a lower cut.

August 31, 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

CESEE Faces Economic Recovery

According to Moody´s, the economic outlook for Central, Eastern and Southeastern Europe is positive. Nevertheless, the recovery is still fragile.

August 24, 2013

Bulgaria: Raiffeisenbank Downgraded by Moody’s

Bulgaria: Moody's downgrades Raiffeisenbank (Bulgaria)'s deposit ratings to Ba2

August 15, 2013

Moody´s Downgrades Austrian Verbund

The rating agency lowers the rating of the Austrian energy group from „A3“ to „Baa1“.

August 2, 2013

Moody’s to Examine Hypo Pfandbriefe

The Aa2-Rating of Pfandbriefe of Hypo Group without governmental guarantee are under observation. This is because of the insecurity of the final decision of the EU Commission about the restructuring plan.

August 1, 2013

Moody´s Lowers Outlook of RBI

The outlook for Austrian Raiffeisen Bank International, the second-biggest lender in the CESEE region, was downgraded to “negative”.

July 20, 2013

„Austrian Banking Sector Still Weakly Capitalized“

Austrian National Bank (OeNB) criticizes that the domestic banking sector did not improve the equity base sufficiently.

July 16, 2013

Moody´s Cuts Bank Austria´s Rating

According to the U.S. rating agency, the creditworthiness of the biggest Austrian bank has worsened. The expansion program in Russia and Turkey is seen as significant risk factor.

July 16, 2013

Moody’s: Turmoils In Bulgaria Will Not Affect Fiscal Stability

According to rating agency Moody's, the ongoing political turmoil in Bulgaria is not expected to negatively affect the country's fiscal stability.

July 4, 2013

Moody’s: Rate Cuts Credit-Negative for Polish Banks

The recently passed cut in interest rates by Poland’s Monetary Policy Council has a negative effect on credits for Polish banks, rating agency Moody’s announced.

June 11, 2013

Moody's: Overall Fiscal Situation In CEE Is Improving

Because of austerity measures in most of the countries, the economic situation is slowly but steadily improving.However, the latest competitiveness report pains a bleak picture of the future.

June 7, 2013

Success for Slovenian Bonds at US Market

Slovenia was able to gain some of the required funds for the restructuring of its banking sector through the US bond market.

May 3, 2013

Moody’s Confirms Bad Outlook for Slovakia

Ongoing difficulties and slow economic growth in Eurozone are the main factors.

April 17, 2013

Cyprus Grants Damaged Foreign Investors Citizenship

Instead of the so-far € 10bn, investors now only have to endow € 3bn in order to obtain the Cyprian citizenship.

April 15, 2013

Fitch Downgrades Slovenian Banks to Junk Status

Rating agency Fitch has downgraded the creditworthiness of five Slovenian Banks.

April 8, 2013

Cyprus: No Bank Run

The feared bank-run after the almost two-weeks long closing of the banks in Cyprus has not occured.

March 29, 2013