Sponsored
Page 1/5

Ratings

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

S&P Upgrades Strabag's Rating from BBB- to BBB

Rating agency Standard & Poor’s (S&P) has raised the credit rating of publicly listed construction group Strabag SE by one level from BBB- to BBB. The outlook remains at “stable”.

June 23, 2015

Finance Ministry: "Fitch Downgrade has no Impact on Austria Rating"

In response to the rating announcement by rating agency Fitch, the Austrian Federal Ministry of Finance says, that the current Fitch rating has no impact on the Austria rating due to temporary debt increase.

February 20, 2015

OVAG to Merge With Another Bank?

A merger or collaboration of some sort with another bank may be in sight for Austrian bank group Osterreichische Volksbank AG (ÖVAG), Standard daily reports in its Tuesday issue. US investment bank Lazard is on lookout for offers.

September 9, 2014

RBI Redeems Participation Capital

Raiffeisen Bank International AG (RBI) is now also repaying the privately-placed participation capital. On 6 June 2014, RBI paid back the state-held tranche of the participation capital with a nominal value of € 1.75 billion. On 10 September, the repayment of the outstanding participation capital held by private investors with a nominal value of € 0.75 billion will follow.

September 8, 2014

S&P Downgrades Erste, RZB, UniCredit, Affirms HYPO NOE, KA Finanz, Upgrades HYPO OO

S&P is downgrading three banks, affirming the ratings on two banks, upgrading one bank, and lowering various issue ratings on the banks' hybrid capital and guaranteed grandfathered debt.

August 13, 2014

Kommunalkredit Austria AG / Kommunalkredit withdraws Moody's Ratingsfor unsecured funding instruments

Kommunalkredit Austria AG (KA) decided today to withdraw all ratings for unsecured funding instruments (bank deposit, bank financial strength rating, senior unsecured, subordinate, other short term) by Moody's Investors Service (Moody's) with immediate effect, except for its current covered bond rating of Aa2.

June 20, 2014

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

S&P Upgrades Polish Banking Sector

Rating agency Standard & Poor’s has upgraded the Polish banking sector from “negative” to “stable”.

April 16, 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: 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

Austria: S&P Confirms Rating

US rating agency Standard & Poor’s has confirmed the Austrian rating at “AA+” with a stable outlook.

March 28, 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

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

Fitch: Elections Command Fiscal Consolidation and Reforms

Vucic appears to acknowledge the need for reforms in Serbia.

March 20, 2014

S&P: Hypo Group Bankruptcy Would Trigger Downgrade in Austrian Banking Sector

In case of a bankruptcy of the nationalized bank Hypo Group Alpe Adria, the three largest Austrian banks Erste Group, Bank Austria and Raiffeisen Zentralbank might be downgraded by one or two notches.

March 8, 2014

Moody’s Raises Outlook on Austrian Banks

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

March 7, 2014

S&P: European Banking Sector Faces Worse Ratings

According to the rating agency, the public support for the European banking sector is essential in many cases. Without financial support, banks might be downgraded.

March 5, 2014

Poland: Banks Expected to Preserve Ratings

According to US rating agency Standard&Poor;’s, Polish banks will be able to keep their credit ratings this year.

March 4, 2014

Fitch Keeps Slovak Rating Unchanged

Slovakia´s issuer default rating was kept unchanged at “A+”. The outlooks remain stable.

March 1, 2014

Treichl: „Not Afraid of Hypo Group Bankruptcy“

Andreas Treichl, CEO of Vienna-listed Erste Group does not think that a potential bankruptcy of the nationalized lender Hypo Group Alpe Adria would affect Erste Group´s rating.

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: Investment Banker Part of Hypo’s Expert Group

A former investment banker is supposed to support Austrian government in the Hypo Group issue.

February 21, 2014

Government Examines Haircut of Hypo Group’s Investors

Ignoring the warnings of Hypo Group’s task force, Finance Minister Michael Spindelegger now wants investors in Hypo Group to participate in the restructuring of the ailing bank.

February 21, 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

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

Fitch Keeps Polish Sovereign Rating Unchanged

The U.S. rating agency has reassessed Poland´s sovereign debt rating.

February 15, 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

Hypo Group: Bad Bank Active at Least 10 Years

Austria’s rating by Standard & Poor’s (“AA+”, stable outlook) is currently not compromised. Because of the establishing of the bad bank the debt rate will rise four to six percent.

February 12, 2014

Standard & Poor´s Underlines Poland´s Economic Robustness

The U.S. rating agency S&P keeps Poland´s sovereign debt rating unchanged. The outlook remains stable.

February 7, 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

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

Austrian Government Does Not Rule Out Hypo Group´s Bankruptcy Anymore (2/2)

In the past few weeks, the Austrian government and the Austrian National Bank excluded this alternative categorically. Now, the bankruptcy scenario seems to be an option again.

February 4, 2014

Austrian Government Does Not Rule Out Hypo Group´s Bankruptcy Anymore (1/2)

In the past few weeks, the Austrian government and the Austrian National Bank excluded this alternative categorically. Now, the bankruptcy scenario seems to be an option again.

February 4, 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

Upgrades for Slovenian Banks

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

January 31, 2014

S&P to Establish CEE Center in Poland

Warsaw will be the new CEE focal point of Standard&Poor;’s (S&P) as the US rating agency announced establishing an office in Warsaw.

January 29, 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

Croatia: S&P Downgrades Rating

Standard&Poors; has downgraded Croatia’s rating to “BB”. The outloock on the long-term rating for the country is at least “stable”.

January 24, 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

Slovenian Economy to Shrink “Only” 2 Percent

According to the ERBD’s (European Bank for Reconstruction and Development) revision, Slovenia’s economy will shrink “only” 2 percent up from a 2.5 contraction of GDP which was forecast in November.

January 22, 2014

S&P: Polish Banks to Remain “Strongly Profitable”

In 2014’s outlook on Polish banks rating agency Standard&Poor; announced that Polish banks are expected to benefit from an ongoing economic recovery and remain “strongly profitable”.

January 15, 2014

Romania: Slight Increase in FX Reserves

In December 2013 FX reserves increased slightly compared to the previous month.

January 7, 2014

Austrian Public Debt Reaches New High

The total size of public debt was never before so high. In the next years, the public debt ratio will come close to 80% of GDP.

December 30, 2013

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

Austria: New Government Already Disappoints in the First Week

In 2014, Austria will not achieve its fiscal objectives, new Minister of Finance Michael Spindelegger admitted. Austria´s fiscal situation is observed critically. The country faces a new austerity package.

December 23, 2013
Fast News Search