Austria's creditworthiness on the brink: Fitch lowers a view of negative!

Austria's creditworthiness on the brink: Fitch lowers a view of negative!

Vienna, Österreich - Austria is looking forward to an insecure financial future. The rating agency Fitch has set the outlook for the country's credit rating in "negative". This means that a possible downgrading of the current rating, which is located at "AA+", threatens in the near future. FITCH justifies this step with the current domestic policy tensions and the somewhat poor economic growth perspective, which, as from the press reports a warning for investing companies.

economic framework and challenges

Despite the constant rating at "AA+", there are serious concerns about long -term financial stability. The high public debt and the need to implement effective household consolidation measures is considered crucial to reduce the deficit and improve debt development, such as vienna.at emphasized. Moody’s emphasizes that Austria's wealthy and diversified economy offers a certain stability, but the weak growth prospects and increased debt burdens can seriously endanger creditworthiness.

A look at the international comparison values ​​shows that Austria is still in a solid second place, but is left behind wealthier states such as Germany and Switzerland. Reasons for lowering in the past were extensive economic difficulties, among other things caused by scandals in the banking sector, which cost the country many points. The need to find transparent and sustainable solutions for the debt problem is becoming more and more urgent.