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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
ÖBB Is Internationally Recognized for Sustainability
The international rating agency ISS has awarded ÖBB-Infrastruktur AG the first place out of 55 international transport companies for its commitment to sustainability, climate protection and eco-efficiency. Austria's Climate Protection Minister Gewessler is delighted about the international recognition for ÖBB and emphasizes that climate protection is the right path for the future.
February 19, 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
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
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