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Moodys
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
Cyprus: Trying to Avoid Chaos at Banks
Today, Cyprus‘ banks are supposed to be opened after almost two weeks of closing. The citizens are called for calm and there are limits for drawing money. The currency rate was downgraded to Caa2 by Moody’s.
March 28, 2013
Moody’s Warns EU
The rating agency warns the EU governments about over-estimating the ability to overcome the Euro-crisis.
March 27, 2013
Medvedev Vexed Over EU
In case the government will not come to conclusion how to generate the required money (€ 5.8bn), the ECB will cut off the money supply for Cyprus’ ramshackle banks.
March 25, 2013
Croatia: Sluggish Economic Recovery
The improvement in the financing conditions in international financial markets in the second half of 2012 mitigated the risks to Croatias financial stability to an extent.
March 25, 2013
"Croatia Will Not Benefit From Joining The EU"
Croatia will join the European Union as the 28th member state in a few months. Economists criticize the country for not carrying out enough reforms and only focusing on tourism.
March 22, 2013
VBAG is Forced to Continue Radical Downsizing Measures
The partly nationalized and financially stricken Austrian banking group has to implement a painful restructuring concept. At the moment, VBAG sells its properties.
March 15, 2013
Austria: Negative Outlook for Banks
Moody’s current analysis paints a rather bleak picture about the situation of the Austrian banking industry.
March 8, 2013
S&P Downgrades Slovenia
Today, the U.S. rating agency has lowered the credit rating of the financially stricken country. Further downgrades are not unlikely.
February 13, 2013
„Croatia Has No Answer to the Crisis“
Economists fear that the economic crisis in Croatia will continue this year. The government does not implement enough reforms, observers say.
February 4, 2013
Moody´s Downgrades Croatia
The U.S. rating agency justifies the downgrade with the “bad economic outlook” and the “inflexible fiscal policy”.
February 2, 2013
Slovenia: Protests Against Austerity Cuts
Due to a general strike, Slovenia comes to a standstill. More than 100,000 public servants protest against social cuts.
January 23, 2013
Telekom Austria Has Gained Market Power
After the acquisition of the discount brand “Yesss!”, the market leader Telekom Austria could increase its lead. Nevertheless, the telecommunication group has to manage a lot of challenges this year.
January 15, 2013
Moody´s: Slovak Austerity Plans Not Realistic
According to the U.S. rating agency, the deficit reduction plan may be too ambitious.
January 10, 2013
Moody´s Downgrades Austrian VBAG
The U.S. rating agency underlines that the Austrian state will help the financially stricken bank further.
November 3, 2012
Czech Republic to Stagnate
The economic outlook for the Czech Republic had to be revised again. After a significant recession in 2012, the Czech GDP will only grow by 0.2% next year.
November 2, 2012
Austria´s Finance Minister Delighted at Positive Moody's Rating
Maria Fekter: “Our Triple A confirms the reform path we have embarked upon.”
September 26, 2012
Moody´s Retains Austrian Triple A
The U.S. rating agency also confirms the negative outlook. Austria´s strengths are the growth rates and the low unemployment rate.
September 22, 2012
Czech Republic Threatened of Downgrade
Because of its instable political situation, the Czech Republic may be downgraded. Debt service costs may increase substantially.
September 14, 2012
Moody´s: Poland Still Has Strong Credit Profile
Despite the economic slowdown, Poland´s credit profile remains robust, Moody´s Assistant Vice President Jaime Reusche told PAP.
September 11, 2012
Again Downgrades in Slovenian Banking Sector
Last week, Moody´s downgraded big Slovenian banks. Now, S&P puts the domestic banking industry under even more pressure.
August 6, 2012
Moody´s Downgrades Slovenia
Today, the U.S. rating agency has downgraded the Western Balkan country by three notches to „Baa2“ from „A2“.
August 3, 2012
Slovenian Abanka Vipa Needs Fresh Capital
The third-biggest Slovenian bank needs a capital injection of € 50m. In total, Abanka Vipa has a risky assets of € 600m.
July 31, 2012
Fekter: Greek Exit is „No Issue“
Austria´s Finance Minister Maria Fekter thinks that a Greek exit is no option for the time being. „We wait for the report of the Troika.“
July 24, 2012
Moody´s to Watch Austria Carefully
After the U.S. rating agency has lowered the outlook for the AAA-countries Germany, Netherlands and Luxembourg, Austria´s rating will be checked thoroughly.
July 24, 2012
Grexit would Cost Austria € 11.0bn
The Brussels-based think tank CEPS states that Austria would have to bear costs of € 10.9bn in case of a Greek exit out of the Eurozone.
July 13, 2012
Austrian AAA „Not in Danger“
The Austrian economist and chairman of the public debt council Bernhard Felderer thinks that Austria will keep its Triple-A rating. Felderer´s statement is not undisputed.
July 12, 2012
Nowotny on Greece: „We Do Not Have Unlimited Time“
Ewald Nowotny, the governor of OeNB (Austrian Central Bank) is concerned about the Greek austerity program.
July 9, 2012
Fitch: „AAA Endangered in Case of Greek Exit“
The U.S. rating agency warns the remaining AAA-Eurozone members of the consequences of a Greek exit.
June 13, 2012
Moody´s Warns Austria of Another Downgrade
The U.S. rating agency may downgrade European AAA-countries like Austria, Germany or France soon.
June 9, 2012
„There´s no Crisis in Eastern Europe“
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.
June 8, 2012
Downgrade for Austrian Banks
The U.S. rating agency Moody´s downgrades Erste Group, Raiffeisen Bank International and Bank Austria.
June 6, 2012
Austrian Economy: OeNB Demonstrates Optimism
The Austrian Central Bank is satisfied with the performance of the domestic economy underlines the necessity of austerity measures.
May 24, 2012
Austrian Interest Rate Reaches a Record Low
The interest rates for German and Austrian sovereign bonds are as deep as never before. Thus, in Europe, the gap widens further.
May 18, 2012
Triple-A Will Not Return Soon
The U.S. rating agency S&P dashes hopes that Austria may get back its “AAA” soon. Austrian banks may still face risks as the crisis is over yet, S&P says.
April 20, 2012
Felderer: „Women Must Have More Children”
The director of the Austrian Institute of Advanced Studies (IHS) sees a demographic problem in Austria as well as in Europe. Migration cannot solve the problem, Felderer says.
April 19, 2012
Rating Agencies Examine Austria Again
The three big rating agencies S&P, Moody´s and Fitch are checking Austria´s financial situation again. An official statement does not exist yet.
April 13, 2012
Moody's Changes Outlook on Verbund's Rating to Negative
The U.S. rating agency Moody's Investors Service has today changed to negative from stable the outlook on the A2 senior unsecured rating of the Austrian energy company Verbund .
March 6, 2012
OeNB´s Nowotny Says Regaining AAA Credit Rating Can Take Years
European Central Bank Governing Council member Ewald Nowotny said history has shown that it can take years for a country to win back an AAA rating.
February 25, 2012
Moody's Takes Actions on Austrian Banks
The U.S. rating agency has a closer look on Austrian banks, which are related to the creditworthiness of public institutions.
February 22, 2012
Stepic Criticizes Rating Agencies Sharply
For Herbert Stepic, CEO of Raiffeisen Bank International (RBI), statements given by the U.S. rating agencies are “undifferentiated”.
February 20, 2012
Moody's Considers to Downgrade Wienerberger
The U.S. rating agency placed all ratings of Wienerberger under review for possible downgrade.
February 17, 2012
Moody's Put Austria on Warning
The Austrian “AAA” rating has been confirmed by the U.S. rating agency. However, credit-watch is put on “negative”.
February 14, 2012
Pecik Aims for Reaching Blocking Minority
The Austrian investor Ronny Pecik intends to re-organize the supervisory board. Nevertheless, operating functions are not targeted.
February 4, 2012
Kommunalkredit Downgraded by Moody´s
The U.S. rating agency downgraded Kommunalkredit Austria to Baa3.
February 2, 2012
Telekom: Losses of € 200m Expected
For 2011, Erste Group´s analyst Maria Veronika Sutedja expects high losses for Telekom Austria.
January 25, 2012
Moody´s Downgrades Telekom Austria
The U.S. rating agency lowered Telekom Austria´s rating from A3 to Baa1, which is due to the weak business development.
January 19, 2012
Austrian Banks Have $ 41.0bn Exposure in Hungary
After another downgrade, a national bankruptcy of Hungary is not excluded anymore. Consequences for Austrian banks would not be foreseeable.
January 7, 2012
Moody’s Keeps Austria’s AAA
The rating agency points to Austria’s economic strength and attempts to introduce a balanced budget requirement in the constitution.
December 23, 2011
Volksbanken Group Speeds Up Sale of VBI
In the face of the looming negative result of the stress test, the Austrian bank is trying to conclude negotiations with Russian Sberbank.
July 13, 2011
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