Growing divergence of the fiscal trajectory from highly-rated peers and a constrained medium-term macro-economic outlook drive the downgrade. A wealthy, diversified economy, strong debt affordability and sound external position are credit strengths.

Continuing dependence on Russian energy imports and persistent divergence of the fiscal trajectory from highly-rated peers drives Outlook revision. A wealthy, diversified economy, favorable debt profile and sound external position are credit strengths.

Austria’s robust economy, favourable debt profile, low private and external indebtedness and sound banking system support the rating. A high public debt stock and rising long-term spending pressures are challenges.

Austria’s robust economy, favourable debt profile, low private and external indebtedness and sound banking system support the rating. A high public debt stock and rising long-term spending pressures are challenges.

Austria’s wealthy, competitive economy, declining public debt, low private and external debt levels, and overall macroeconomic stability support the rating. An ageing society and complex federal fiscal structures pose challenges.

The rating is supported by Austria’s wealthy economy, strong external position, track record of fiscal consolidation and sound debt profile. Challenges in the banking sector, high public-sector debt, and ageing population are constraints.