Austria’s Credit Ratings by Standard & Poor’s, Moody’s, and Scope

Austria’s Credit Ratings by Standard & Poor’s, Moody’s, and Scope

Standard & Poor’s (S&P), the American credit rating agency, has awarded Austria the second-best credit rating of “AA+” with a stable outlook. Similarly, Moody’s, another credit rating agency, classified Austria at the second-highest rating of “AA1” with a stable outlook.

In contrast, the European Rating Agency “Scope” has adjusted Austria’s future outlook from “negative” to “stable.” However, despite this revision, Scope downgraded Austria’s long-term credit rating from “AAA” to “AA+.” The agency attributed this adjustment to the changes in the country’s financial indicators following the impacts of the Corona pandemic and energy crisis.

Explaining its decision, Scope stated that it considered various challenges affecting Austria’s economic outlook. These challenges include the high inflation rate of 4.1%, impacting consumption, which exceeds the Eurozone’s average of 2.6%. Additionally, Scope highlighted Austria’s dependence on gas imports and the medium to long-term pressures related to labor availability in the Austrian labor market.

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