SP Raises Outlook On Austria On Debt-Focused Financial Plan

30 Jan 2013


Immigration News

Standard & Poor's Ratings Services raised its outlook on Austria to stable from negative, saying it expects the country's economy will cope well with negative impacts from the European sovereign-debt crisis.

S&P also affirmed the country's double-A-plus rating, which is one notch below a top-grade triple-A rating.

The rating firm added that it expects Austria's government to follow its stricter consolidation path and reforms as outlined in its financial plans, which place a priority on reducing financial deficits and debts. S&P also factored in its expectation that the banking industry will increase capital from current levels, which it sees as weak.

S&P said Austria's rating is supported by the country's stable government and predictable economic policies, as well as its wealthy, diversified and competitive economy.

The rating firm added that the likelihood of an upgrade of Austria is "low in the next few years."

Source: http://online.wsj.com/article/BT-CO-20130129-703722.html


QUICK ENQUIRY

  • Send me regular updates and alerts
This has been a perfect service. Vamsi has ...

Axxxxx xxxxx
Australia

AUSTRALIAN VISA...

Processing visa through Opulentus has been an awesome ...

Sxxxxxxx xxxxxxxxxxxxI
Australia

AUSTRALIAN VISA...

The process at Opulentus is smooth, transparent and ...

Vxxxxxx xxxxxxx
Australia

AUSTRALIAN VISA...

It was a good experience with opulentus team, ...

Sxxxxxxx xxxxxxA
Australia

AUSTRALIAN VISA...

It had been very good journey and experience ...

Jxxxxxx xxxxxxA
Australia

AUSTRALIAN VISA...

PR process along with Opulentus was very smooth. ...

Pxxxxxxxxx xxxxxA
Australia

AUSTRALIAN VISA...

From the first day of me walking in ...

Nxxxxxxxxx xxxxxxxx
Australia

AUSTRALIAN VISA...

I would like to thank OPULENTUS and Mrs.Ashwini ...

Vxxxxxxx xxxxxxxxxxx
Australia

AUSTRALIAN VISA...

Hi, The journey of getting the VISA was smooth ...

Dxxxxxx xxxxxxxxI
Australia

AUSTRALIAN VISA...

I would like to take this opportunity to ...

Hxxxxxxxxx xxxxxxxxxN
Australia

AUSTRALIAN VISA...

View All