DBRS affirms Austria at AAA

DBRS said it confirmed the Republic of Austria's long-term foreign and local currency debt at AAA.

The trend is stable.

DBRS said the ratings are supported by Austria's high level of productivity, high savings rate and strong international price competitiveness.

The stable trends reflect DBRS's assessment that multi-year fiscal consolidation supported by moderate economic growth will likely be sufficient to put public debt ratios on a downward trajectory over the medium term, the agency said.

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