Despite Loss of AAA: Austria Pays Less Interest

More+ › Comment ♦ Published: March 10, 2012; 19:55 ♦ (Vindobona)

The Austrian Republic had to pay € 300m less than initially expected in 2011. In spite of the downgrade by S&P, the trend seems to continue.

Despite Loss of AAA: Austria Pays Less Interest / Picture: © Vindobona.org

Martha Oberndorfer, chairwoman of ÖBFA (Austrian Federal Financing Agency) is optimistic that Austria re-gains the AAA-rating after the budget is restructured.

Currently, Austria has to pay substantially less interest than in January. Moreover, the spread between German and Austrian bonds declined again. Two of the three major rating agencies still have rated Austria at…

or Log In

Fast News Search
Related News
Fekter: "Eurogroup Chief Must Be Head of Government" (March 6, 2012)
OeNB´s Nowotny Says Regaining AAA Credit Rating Can Take Years (February 25, 2012)
Austria Will Not Get „AAA“ Back in Near Future (February 22, 2012)
Austrian Government Presents € 27bn Austerity Package (February 11, 2012)
Stepic: „Reaching AAA Again Is Possible“ (January 28, 2012)
Read More
Ratings, Public Debt, EU European Union, Budget Deficit, Public Expenses
Featured
See latest Vindobona Newsletter