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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”.
Hypo Group: “Worst Thing If Government Does Not Make Decision” / Picture: © IHS Vienna
On Friday evening, the country rating by US rating agency Moody’s is expected which is expected to deteriorate because of the ongoing discussion about the downsizing and restructuring of ailing nationalized bank Hypo Group. Bernhard Felderer, President of the Fiscal Council, told Austrian daily “Kurier” (Friday issue) that a possible downgrade in the country’s rating was not to…
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