A German economist has warned from “dangerous monopoly circumstances” in the global rating business. Karl-Heinz Brodbeck told Viennese newspaper Die Presse that the world’s leading credit rating agencies were issuing better grades the more money they made with the rating. He called the situation “dangerous” and called for more transparency. The renowned economic expert – […]
Tag: Fitch
One of the world’s leading credit rating agencies has confirmed the Austrian AAA. US American agency Fitch announced yesterday (Tues) it decided to reaffirm the alpine country’s top credit rating. Fitch also gave a stable outlook on Austria’s economic development. The Austrian economy strongly depends on tourism, its retail trade – which employs more than […]
Austria’s AAA rating confirmed
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An influential rating agency has warned Austria about its high state debt. Fitch announced yesterday evening (Mon) Austria needed to act more ambitiously against its steadily increasing high debt rate. The agency claimed the Alpine country would be better protected against economic setbacks in the future if it started to get active now. Austria’s debts […]