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Earlier, Fitch had raised the outlook for "stable" credit ratings to "positive". The rating remains at "AA +".
The agency justified its decision by strong economic growth, declining public debt combined with interest rates and the gradual dismantling of resolution banks such as the former Carinthia Hypo Alpe Adria, now Heta and Immigon (formerly ÖVAG) and Kommunalkredit
"The increase in Fitch's prospects confirms the reform efforts of the Austrian Federal Government and encourages us to follow this path Continue to be an attractive site for investors in the future, "Löger told the Austrian APA news agency, with the aim of quickly reducing the" AAA "rating lost by the three major rating agencies over the years 2012-2016 .
"We are using the current state of affairs to stimulate structural reforms in the areas of taxation, administration and the labor market, and in doing so, we want to expand Austria's competitiveness on the international stage. "Fitch's improved outlook shows that the federal government's reform work is already paying off," said the politician.
Fitch estimates that the debt compared to gross domestic product in 2020, at 68.3%, will be lower than the level before the crisis (2008) The rating agency predicts economic growth of 2 , 8% for this year.
Austria also has the second highest score among the other two major US rating agencies, Moody's ("AA1") having only the outlook at the end of May, however, he remained "stable". At Standard & Poor's ("AA +"), the outlook for mid-March also remained "stable".
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