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Ratings

Moody's: Bawag Bank Rating Upped to A3, Outlook Positive

Bawag PSK bank enjoyed a rating upgrade to 'A3' from 'Baa1' with outlook positive, Moody's ratings agency said. The standalone rating (BCA) was raised to 'Baa2' and the rating for subordinate liabilities to 'Baa3'. This makes Bawag the best-rated bank in Austria, the company bragged in a press statement.

April 14, 2016

S&P Ratings Takes Bank Austria Off Negative Watchlist, Outlook Still Negative

Rating agency S&P took Bank Austria, a unit of UniCredit, off its negative watchlist, but confirmed the negative outlook, Italian news agency ANSA reported.

March 31, 2016

Standard & Poor’s Confirmed Austria’s AA+ Credit Rating

Standard & Poor’s rating agency has affirmed Austria’s AA+ rating, and stable outlook. S&P does not assume that decisions concerning bad bank Heta will affect the credit rating of the state. The rating agency is also optimistic as to the economic development. Growth is likely to turn out as predicted for 2016 - 2019, or even better.

March 21, 2016

S&P: Carinthia Province Seen As Good As With Default

Austria's federal region Carinthia is basically bankrupt, according to the criteria of ratings agency Standard & Poors, S&P analyst Alois Strasser told the daily Standard.

February 24, 2016

Fitch: Austria Remains Attractive Investment Location

The Finance Ministry reckons rating agency Fitch’s latest rating update for Austria, a confirmation of the state running on the right track towards growth. The country remains an attractive location for investors and has a stable outlook, among others thanks to tax reforms.

August 10, 2015

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

Moody's Confirms Ba3 Rating for VTB Bank Vienna

Rating agency Moody's has confirmed the long-term rating of "Ba3” for the Austrian subsidiary of the Russian bank group VTB, VTB Bank (Austria).

May 22, 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

Fitch Downgrades Austria’s Credit Rating to AA+

Rating agency Fitch has downgraded Austria’s credit rating, from the top AAA to the second-best AA+ rating, quoting the unexpected increase of the country’s debt to 89 percent and the modest growth perspective.

February 16, 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