Moody’s: Ukraine’s Three Biggest Banks in Default

US rating agency Moody’s described the situation of Ukrainian banks as ‘extremely difficult’. The three biggest lenders Privatbank, Savings Bank of Ukraine and Ukreximbank were awarded the secondworst ‘Ca’ rating and the outlook is negative. Raiffeisen Bank Aval also affected.

July 10, 2015

Moody's Concludes Reassessment of Austrian Banks

BAWAG P.S.K., Raiffeisenlandesbank Tirol and Raiffeisenlandesbank Vorarlberg received the best ratings among biggest Austrian banks from US rating agency Moody's.

July 2, 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 Downgrades ÖVAG Rating to Caa1 - Negative Outlook

Rating agency Moody's has downgraded the rating of the partially state-owned Österreichische Volksbanken AG (ÖVAG) by two levels from B2 to Caa1. Moreover, the outlook for the rating of the institution is negative.

June 16, 2015

Erste Group, RZB Bank Ratings Cut to 'BBB+' at S&P

Listed bank Erste Group and RZB group suffered rating downgrades at ratings agency S&P to 'BBB+' from 'A' as S&P revised ratings on a number of European banks.

June 10, 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

Fitch: RBI, Erste, Bank Austria, Volksbanken Lose 'A' Ratings

Ratings agency Fitch cut the ratings of four major Austrian banks, Volksbanken, Erste Group, Bank Austria and RBI, in connection with the new EU regulations on bank resolution, Fitch said.

May 20, 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