adminAustria’s “developed, flexible economy, strong domestic institutions and a long track record of stability-oriented economic policy”.
Fitch also noted that Austria has the EU’s lowest unemployment rate.
“The exposure of Austrian banks to emerging Europe, including large volumes to weaker members, is significant, but currently is not a material risk to Austria’s ‘AAA’ status,” Gergely Kiss, director of Fitch’s sovereign group, added in a statement.
Moody’s had cited the banks’ exposure in eastern Europe when it put Vienna on negative outlook in February, although it maintained the country’s triple-A rating.
Before that, S&P made waves when it lowered Austria’s rating to AA+ in January amid a series of other downgrades.
Finance Minister Maria Fekter welcomed Fitch’s announcement yesterday, arguing that newly passed austerity measures, including a tax deal with Switzerland signed on Friday, had played a major role in the decision. — AFP.
Online Reporter
- Herald
- September 28, 2026
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DVS calls for collaboration rabies control
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