Standard and Poor’s Confirmes Austria’s AA+ Rating

US rating agency Standard & Poor’s confirmed the AA+ rating and stable outlook for the Republic of Austria. The rating agency predicts an economic revival for 2016, after four years of weaker development, although, in spite of the tax reform, the debt ratio is not likely to change.

September 28, 2015

Moody’s Spots Less Dangers Due to Potential Liabilities of City of Vienna

In a recent rating concerning contingent liabilities of European cities Vienna, Berlin and Bern, Moody’s notes that there is only a small risk for such liabilities of Austria’s capital Vienna, on account of the city’s ownership in municipally-owned enterprises, becoming due. All three cities have a solid governance practice, it was stressed.

September 17, 2015

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

Moody’s: Some Banks are Aided by Constitutional Court Ruling

Rating agency Moody’s downgraded Carinthia and left the outlook for the bond issuing institution Pfandbriefstelle of Landeshypothenbank group negative, following the recent ruling of the Constitutional Court of Austria. The court had ruled the law on the reorganisation of Hypo Alpe Adria bank (now Heta), and the moratorium on liabilities in particular, unconstitutional.

August 7, 2015

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 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