Austria Downgrade Ends Era in Club of Europe’s Safest Borrowers
Austria lost its last top credit score from a major assessor because of persistently high budget deficits, ending a decades-long streak as one of Europe’s best-rated issuers.
By Marton Eder · Bloomberg Markets
Austria lost its last top credit score from a major assessor because of persistently high budget deficits, ending a decades-long streak as one of Europe’s best-rated issuers.