Fitch lowers rating outlook for Austria to “negative”

Fitch has lowered the rating outlook for Austria to “negative” from “stable”. This means that the country is at risk of a downgrade in the near future and, as a result, more expensive loans. The credit rating of the long-term bonds will initially remain at “AA+” and thus in the investment area, the credit rating watchdog announced on Friday. The US agency certifies that the country has a good to very good credit rating with a high probability of payment.