Ratings

Austrian Banks Benefit from Rebound in CEE - S&P

Austrian banks are benefiting from the economic rebound in CEE, ratings agency S&P said in the latest report pointing to GDP growth rates projected for the region this year.

August 30, 2016

Moody’s Downgrades Long-Term Credit Rating of Austria

Moody’s has downgraded the long-term credit rating of Austria, from "Aaa” to Aa1. In January 2012 rating agency Standard & Poors had reduced Austria’s rating from AAA to AA+, whereas in February 2015, Fitch did the same.

June 27, 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

RBI Redeems Participation Capital

Raiffeisen Bank International AG (RBI) is now also repaying the privately-placed participation capital. On 6 June 2014, RBI paid back the state-held tranche of the participation capital with a nominal value of € 1.75 billion. On 10 September, the repayment of the outstanding participation capital held by private investors with a nominal value of € 0.75 billion will follow.

September 8, 2014

OVAG Not to Pass the ECB Bank Stress Test

Austrian partially state-owned bank ÖVAG is not going to pass the ECB bank stress test insider sources claim, daily "Der Standard” reported in its Friday issue.

September 1, 2014