Outlook for Austria’s government bond rating down to negativeStaff writer ▼ | October 26, 2015
The Moody’s rating agency has lowered Austria’s government bond rating outlook from stable to negative, affirming the Austria rating.
Country rating Economic growth in Austria is likely to remain low
According to the rating agency, Austria’s real GDP (gross domestic product) has "barely grown" since 2012, but there are some signs that economic growth will pick up in the country next year.
Moody’s said that no major macroeconomic imbalances have been observed in Austria.
"The affirmation of the Austria/P-1 ratings reflects the country's comparatively large and wealthy economy, which benefits from a sizeable, high-value added industrial base."
Moody’s warned, however, that the Austria government bond rating could be downgraded in the coming years if Austria’s economic growth does not pick up. ■