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Moodys has downgraded the outlook for Austria, confirming the rating at Aa1. |
Vienna, 25.08.2025 |
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The rating agency Moody's has downgraded Austria's outlook from stable to negative. This was announced on Saturday (August 23) by Finance Minister Markus Marterbauer. The country's credit rating remains at Aa1. TASR reports this based on information from the APA agency.Moody's justified the change in outlook by the ongoing weakening of Austria's financial strength. Its baseline forecast anticipates a further increase in public debt in the medium term. Since the planned medium-term consolidation measures may not yield the expected results, the agency believes that more ambitious budget consolidation is needed. In its assessment in February, Moody's predicted a gradual increase in Austria's public debt to 83% of gross domestic product (GDP) by 2030. Currently, the agency expects public debt to rise to 88.4% of GDP by 2030, which is a historic high.Moody's also pointed to the country's competitive and strong economy and good debt sustainability, which it says justifies maintaining the rating at the Aa1 level.odkaz na stránku |
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