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Bank Debt Issued Under Austrian Government Guarantee Scheme Expected To Be Rated 'AAA/A-1+'

Published Jan 13, 2009

520 words — Published Jan 13, 2009

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Abstract:

FRANKFURT (Standard&Poor's) Jan. 13, 2008--Standard&Poor's Ratings Services said today that it expects to equalize the ratings on debt issued under the Republic of Austria's (AAA/Stable/A-1+) guarantee scheme with the 'AAA/A-1+' long- and short-term ratings on the sovereign. This follows our review of the guarantee scheme, which came into effect on Oct. 26, 2008. Based on our review of the form of guarantee, we are of the view it is irrevocable, unconditional, and timely, and therefore qualifies for rating substitution treatment. In the event of a default by the issuer, the guarantor shall, upon written demand by the noteholders, effect payments to an account to be specified by the noteholder. The guarantee expires upon redemption of the

Brief Excerpt:

RESEARCH Bank Debt Issued Under Austrian Government Guarantee Scheme Expected To Be Rated '###/A-1+' Publication date: 13-Jan-2009 Primary Credit Analyst: Stefan Best, Frankfurt (49) 69-33-999-154; stefan_best@standardandpoors.com...

Report Type:

News

Ticker

1480Z@AV

Issuer

Austria

Sector

Global Issuers, Public Finance, Structured Finance

Country

Austria

Region

Europe, Middle East, Africa

Format:

PDF

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MLA:	S&P Global Ratings’ Credit Research. "Bank Debt Issued Under Austrian Government Guarantee Scheme Expected To Be Rated 'AAA/A-1+'" Jan 13, 2009. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bank-Debt-Issued-Under-Austrian-Government-Guarantee-Scheme-Expected-To-Be-Rated-AAA-A-1-695804>

APA:	S&P Global Ratings’ Credit Research. (). Bank Debt Issued Under Austrian Government Guarantee Scheme Expected To Be Rated 'AAA/A-1+' Jan 13, 2009. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bank-Debt-Issued-Under-Austrian-Government-Guarantee-Scheme-Expected-To-Be-Rated-AAA-A-1-695804>

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