S & P confirmed the rating ‘AA +’ ‘Austria – Le Figaro

The Standard & amp financial evaluation agency; Poor’s today confirmed the long-term rating of Austria (AA +) despite a bill to cancel government guarantees on the debts of the former state bank of the province of Carinthia. The long-term rating remained at “AA +” with a stable outlook, which means that the agency does not expect that the solvency of the Austrian currency in the next two years, according to a statement. It justifies the confirmation of the rating of Austria through one of the lowest unemployment rates in the EU (8.3% in September) and a current account surplus. S & amp; P expects the Austrian economy accelerates from 2016.

The Austrian government has proposed legislation to cancel government guarantees of Carinthia province on bonds issued by Heta, the structure bad bank bad debts under the law on bank Hypo Group Alpe Adria liquidation (HGAA). The agency was convinced that Austria will maintain its own interests in the obligations of Heta. It also considers it highly possible “that the proposed legislation, if passed, can not obtain the approval of the Constitutional Court.”