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Prospect News home > News index > List of issuers H > Headlines for Heta Asset Resolution AG > News item
Published on 6/27/2016 in the Prospect News Investment Grade Daily.

Moody’s lowers two Austrian banks to Aa1

Moody's Investors Service said it downgraded the ratings on long-term government-guaranteed obligations for two Austrian banks to Aa1 from Aaa: Oesterreichische Kontrollbank AG (OKB) and Heta Asset Resolution AG.

The outlook on OKB's ratings was changed to stable from negative.

Moody’s said the key driver of the action is its decision to downgrade the Austrian sovereign rating to Aa1 from Aaa with the outlook changed to stable from negative, as announced on June 24.


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