Austrian Times RSS FeedsLike the Austrian Times Facebook page!Follow us on Twitter!


Events for November
M T W T F S S
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
Add your event FREE

Today

Videos


BurgKino

Pub Quiz everyTuesday at Johnny's Pub

Popular in Austria


Cosmo&Nanu

Austrias rating wont be hit by state debt vehicle for Hypo

The AA+ credit rating that Austria has held for a long time will not be shaken by the plan to absorb the bad assets from ailing bank Hypo Alpe Adria into state debt, according to a financial services company.

US company Standard & Poor's announced on Tuesday that the increasing likeliness of the Austrian government to set up a state-run 'bad bank' will not immediately damage the country's debt ratings.

The company released a statement the day after Austria wrote off the possibility of other healthy banks absorbing some of Hypo's 19 billion Euros in assets, a plan favoured by the Finance Ministry.

The US financial agency explained that the rating already incorporated the expected impact a wide-down vehicle would have on the country's public finances.

"Although the establishment of the wind-down unit will increase Austria's ratio of net general government debt to GDP, expected contingent liabilities will decrease by a comparable amount," S&P said.

Austrian Times


Are you on Facebook? Like the Austrian Times on Facebook and win great prizes!


Cosmo and Nanu
ORF Watch

Tag cloud:
incorporated  impact  comparable  ratio  Hypo  financial  Euros  assets  Ministry  establishment  rating  government  bank  vehicle  debt  agency  favoured  Austria  finances  contingent

Latest News

 

How An Austrian Park Every Year Becomes A Lake
Spectacular images that show how a park becomes a lake each spring complete with underwater trees have been captured by two divers.

Mad About Mammoths At Vienna Museum
A unique exhibition in the Austrian capital Vienna has proved a massive hit after bringing together for the first time some of the most famous frozen woolly mammoth remains.

Controversy Over Advert For Fucking Hell Beer
An Austrian political party has defended a decision to promote a local beer named after the village of Fucking.

Luigi Restaurant Cooks Up Delicious Delights For Winter Season
Brothers Luigi and Leo Doci who own the renowned Luigi restaurant chain will be cooking up a storm in Semmering this winter.

Church Porn Star In Court
A Polish-born woman who made a video of herself masturbating in church is facing six months in jail after a viewer called police when he recognised the woman.

Hugh Grant Cuddles Lamb On Animal Farm With Mrs Glock
Hugh Grant led a star-studded turnout at Austria's animal farm project which unveiled its Christmas market this week.

Cheating Wife Buries Hubby Alive For New Lover
A woman who married her sisterís fiance and then attacked him with a knife before burying him alive so she could be with her new lover is facing life in jail.

Spate of Crimes throughout Vienna and Lower Austria Solved
Four men have been arrested after committing 113 break-ins, 21 thefts and causing at least 260,000 Euros worth of damage.

Dad Punished Child, 2, With Boiling Hot Shower
A two-year-old girl is in an artificial coma and fighting for her life after her father threw her into a scalding hot shower leaving her with severe burns at the family home in the Austrian capital Vienna.

Police And Firemen Get Cold Turkey
Flipping the bird was given a new meaning in Austria this week when a truck filled with plucked turkeys overturned, closing a busy motorway in the process.

 


Mala Vrata

The most popular stories –
last 7 days



Don't moan alone, the Ombudsman Investigates.

Why suffer in silence. Let off steam by letting our readers share your troubles. File your complaints about anything and everything here.

Our ombudsman David Rogers will try and help solve some of the problems from lazy civil servants through to incompetent companies – and at the very least the worst transgressors will end up in our weekly special report.


Austrian Zimmers