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Austria's 'AAA' Long-Term Rating Placed On CreditWatch Negative Dec 11
Standard & Poors, Dec 2011
Abstract
Standard & Poor's is placing the 'AAA' long-term sovereign credit rating on the Republic of Austria on CreditWatch with negative implications. At the same time we are affirming Austria's 'A-1+' short-term sovereign credit rating. The CreditWatch placement is prompted by our concerns about the potential impact on Austria of what we view as deepening political, financial, and monetary problems within the European Economic and Monetary Union. Our CreditWatch review will focus on the 'political', 'external', and 'monetary' scores we have assigned to Austria in accordance with our criteria. We expect to conclude our review as soon as possible after the European summit on Dec. 9, 2011. FRANKFURT (Standard & Poor's) Dec. 5, 2011--Standard & Poor's Ratings Services today placed the...
Companies mentioned in this report are: Austria (Republic of),Hypo Alpe-Adria-Bank International AG,Kommunalkredit Austria AG,KA Finanz AG
Action: On CreditWatch:Negative
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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