|
Post by bot on Nov 17, 2011 14:12:07 GMT -5
Fitch: Austria signals commitment to AAA rating from MarketWatch.com - MarketPulse SAN FRANCISCO (MarketWatch) -- Austria's move to adopt a constitutional debt limit is a positive sign that the country is committed to its triple-A rating and would help Austria lower its debt/gross domestic product ratio, Fitch Ratings said in a statement Wednesday. A constitutional debt brake "will strengthen the country's fiscal policy framework and credibility," the ratings agency said. Fitch also projected Austria's debt/GDP ratio to peak at around 75% in 2012 and stressed that the country's "debt needs to be on a firm downward path to provide the fiscal space to absorb economic and financial shocks." Austria plans to lower its public debt-to-GDP ratio to 60% by 2020.
|
|