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Ratings
S&P Keeps Rating for Erste Group and RZB
After the downgrade of Austrian sovereign bonds two weeks ago, the U.S. rating agency remains its ratings for the two largest domestic banks.
January 25, 2012
Treichl: „S&P Errs Sometimes“
Erste Bank is ‘not guilty’ of Austria’s downgrade, CEO Andreas Treichl says.
January 25, 2012
Scharinger: „Rating Agencies Are Instruments of Torture“
The leaving CEO of RLB Upper Austria, Ludwig Scharinger, is convinced that Europe needs must make itself more competitive against the U.S. financial industry.
January 24, 2012
Erste Group to Support Austrian Bonds
Erste Group considers putting effort in distributing Austrian sovereign bonds to its customers. Attractiveness should be increased, Erste Group says.
January 21, 2012
Loss of “AAA“: Austrians Blame Politicians
For Austrians, the government did not take the threat of losing the “triple-A” serious enough.
January 20, 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
Government to Sharpen Austerity Measures
After the downgrade of Austrian sovereign bonds from „AAA“ to „AA+“ by S&P, the Austrian government aims to reach its austerity targets earlier.
January 17, 2012
Downgrade: „It´s Time to Take Action“
The downgrade of Austria´s rating from “AAA” to “AA+” caused mixed reactions. The Austrian economy urges for structural actions.
January 15, 2012
Downgrade: Government Surprised and Criticized
For the Austrian government, the downgrade by the U.S. rating agency is „not comprehensible”. The domestic industry urgently claims structural reforms.
January 14, 2012
Austria to Lose its AAA
According to partially confirmed market rumors, S&P will downgrade France and Austria.
January 13, 2012
Fitch: Austria´s AAA-Rating Not Endangered
According to the U.S. rating agency, the financial stability in Austria is still excellent. The bond auction today went well.
January 10, 2012
„Not Talking Down Austerity Policy“
Bernhard Felderer, head of the Austrian Institute of Advanced Studies (IHS), warns daily issued ideas for new taxes. First signs of a recovery are arising.
January 7, 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
„We Are at the Tipping Point“
2012 will be a crucial year for Europe and Austria, says the director of the Austrian Institute of Economic Research (WIFO). The coming decade will be coined by debt reduction.
January 5, 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
Fitch Calls for Higher Capitalization of VBAG, Raiffeisen, Erste
The Austrian banks’ viability ratings are under pressure due to low capitalization and the banks’ exposure to CEE.
December 21, 2011
S&P: Austria Faces Recession
The rating agency forecasts shrinking economic output for countries with large exports.
December 17, 2011
S&P Cuts Uniqa´s Rating
Standard & Poors today lowered the long-term financial rating of the Austrian insurance group Uniqa from “A-“ to “BBB+”.
December 13, 2011
Rating Agencies Are Seen As Threat
The governor of the Austrian Central Bank, Ewald Nowotny, attacks S&P. For the head of the economic research institute IHS, Bernhard Felderer, the negative outlook must be seen as a warning signal.
December 7, 2011
S&P: Negative Outlook for Austria
The rating agency Standard & Poor´s gives a negative outlook to all triple-A countries in the EU.
December 6, 2011
Rising Finance Requirements for Austria
In 2012, the Austrian state has to take on significantly more debt than this year. The issued bond volume will grow by 30%.
December 3, 2011
Austria to Issue More Bonds in 2012
Total issue volume will be € 27-30bn. At the end of November, Austria’s bond debt stood at € 162.9bn
December 2, 2011
Fekter Optimistic to Hold AAA-Rating
Austria's Finance Minister expressed confidence on Tuesday that the country would hold on to its AAA sovereign rating.
November 22, 2011
Spindelegger: Cost Cuts and Privatizations to Save Triple-A
Annual interest payments would grow by € 3bn if Austria was downgraded by one notch.
November 11, 2011
S&P Reviews Uniqa’s Rating
The Austrian insurance company was set to CreditWatch negative due to its weakened capital adequacy. A downgrade by one notch is possible.
November 10, 2011
Felderer: “Austria’s Triple-A at Risk”
The head of the IHS warns against a spillover of the Italian crisis and calls for a national debt brake.
November 9, 2011
Moody´s Considers Downgrade of Erste Group
The rating agency says that a downgrade of the long-term rating of Erste Group from “Baa1” to “Baa2”is probable.
November 5, 2011
New Speculations about Austria’s Triple-A Rating
Current rumors about a possible downgrade are unfounded, according to a ministry spokesman.
November 4, 2011
Moody’s: Downgrade of Erste Group Likely
The Austrian bank will likely be downgraded from “Baa1” to “Baa2”, the rating agency says.
November 4, 2011
Austria´s Triple A „Not Endangered“
From a global view, 18 countries have a “AAA-status”. The current debt crisis makes market observers nervous.
September 26, 2011
Austrian Companies Not Worried by US Downgrade
Despite falling share prices, most Austrian companies with exposure to the USA remain confident.
August 9, 2011
Fitch Confirms Austria’s Triple-A Rating
The U.S. rating agency confirmed the Republic of Austria’s AAA credit rating. The outlook remains “stable”.
July 25, 2011
Moody’s Gives Negative Outlook for Carinthia
Austria’s southernmost province received a negative outlook due to an increasing budget deficit, high debt and credit guarantees for Hypo Alpe Adria.
July 1, 2011
Standard & Poor's Confirm 'A' Rating for Uniqa Group
The Austrian insurance group’s rating was confirmed. Free float will be raised to 49% in the course of a capital increase.
June 3, 2011
Fitch Upgrades Individual Ratings of Austrian Banks
The “A” rating of the big Austrian banks has been confirmed. The individual rating of Erste, RBI and Bank Austria was upgraded.
May 25, 2011
Atrium European Real Estate Announces Credit Rating Update
Atrium European Real Estate Limited a real estate company owned by Citigroup/Gazit, is placed on CreditWatch Negative.
February 2, 2011
"Austria Does Not Deserve an AAA Rating"
The chief economist of the American Citigroup, Willem Buiter, also denies Austria, alongside the U.S. and the UK, the right to the AAA rating.
January 29, 2011
Austria's AAA Credit Rating Confirmed
The U.S. rating agency Moody's confirms the Republic of Austria’s Triple-A rating. The outlook remains "stable".
January 21, 2011
AAA Rating Confirmed for Austria
The rating agency Standard & Poor’s; leaves Austria’s credit status unchanged.
December 22, 2010
Is Austria a Risk Country?
Due to its engagement in Eastern Europe, Austria is partially considered as a potential risk country. Lack of understanding for this assessment is shown by Austria.
December 10, 2010
Standard & Poor’s: Austria's Credit Rating at Risk
The reasons for such gloomy prospects are not problems with the banks or domestic companies, but rather the demographic situation threaten Austria's credit rating.
November 11, 2010
Financing of OMV-Deal in Turkey Still Open
OMV leaves the financial markets still in the dark as to how it will cope with the acquisition.
October 25, 2010
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