Latest News:  
Beijing   Sunny/Overcast    5 / -2   City Forecast

People's Daily Online>>World

Economist: Austria to regain Triple-A credit rating in four years


08:39, February 23, 2012

VIENNA, Feb. 22 (Xinhua) -- Austria is expected to regain its Triple-A credit rating from the agency Standard & Poor's (S&P) in four or five years, said an economist of the German Deka Bank here on Wednesday.

Deka's chief economist Ulrich Kater said the rating agency possibly will allow itself a certain amount of time, four or five years, to restore Austria's credit rating.

However, an essential condition for the recovery would be that the government debt ratio in Austria is below 90 percent of economic output and the county is resident to shocks that may come primarily from the Eastern European banking system or the economic development.

In general, Kater considered that S&P had paid too little attention to the long-term economic burden from the pension, care and health system while evaluating Austria's credit rating.


Leave your comment0 comments

  1. Name


Selections for you

  1. Xi lays wreath at mausoleum of Mustafa Kemal Ataturk

  2. Heavy snowfall hits southern Kazakhstan

  3. "The Wind of Asia " wedding fashion show held in Tokyo

  4. Melbourne hosts International Pancake Day celebration

Most Popular


  1. Finding out truth crucial to resolving Syrian crisis
  2. Deposit reserve ratio cut does not mean policy shift
  3. Is West genuinely trying to 'save' Syria?
  4. China's Linsanity
  5. Ancient technology education program launched
  6. Banks' reserve ratio cut aims to spur growth
  7. China, India should treat competition rationally
  8. China takes responsible attitude towards Syrian
  9. Admire Jeremy Lin for his skills, not the way he looks
  10. VP Xi's U.S. tour hailed as future-oriented landmark

What's happening in China

Festival surge not just about fun

  1. Provinces to end 'iron bowl' jobs
  2. Apple moves to defend rights on iconic iPad
  3. Bear bile maker opens farm to reporters
  4. Beijing plans campus police system
  5. 134 arrested for producing and selling "gutter oil"

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai