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Ratings

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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