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Bank Austria's Ratings Affirmed; Ratings Removed From Watch Developing; Outlook Negative Jan 01
Standard & Poors, Jan 2001
Abstract
LONDON (Standard & Poor's CreditWire) Jan. 18, 2001--Standard & Poor's today affirmed its double-'A'-plus long-term and its 'A-1'-plus short-term credit ratings on Bank Austria AG and related entities and removed them from CreditWatch with developing implications, where they were placed on July 24, 2000. The outlook is negative. At the same time, Standard & Poor's also affirmed its double-'A'-plus long-term and 'A-1'-plus short-term ratings on Bank Austria's guaranteed obligations, which will continue to benefit from the deficiency guarantee until maturity. A complete list of ratings is available on RatingsDirect, Standard & Poor's web-based credit analysis system, or by calling the Standard & Poor's Ratings Desk in London: (44) 20-7826-3540. The removal from CreditWatch follows clarification of the City of Vienna's...
Companies mentioned in this report are: UniCredit Bank Austria AG,City of Vienna (Unsolicited Ratings),UniCredit Bank AG
Action: Affirmed, Off CreditWatch
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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