FRANKFURT (Standard&Poor's) Feb. 11, 2014--Standard&Poor's Ratings Services said today that Austria's expected, but not finally decided, creation of a wind-down unit for Hypo Group Alpe-Adria will have no immediate impact on our sovereign ratings on Austria (AA+/Stable/A-1+). The ratings already incorporate the expected impact on Austria's public finances of the wind-down unit. Our assessment of Austria's debt burden incorporates our view of its moderate contingent liabilities and factors in a potential recapitalization of the financial industry in a stress scenario, government guarantees that might be called and an additional amount for support measures for Hypo Group Alpe-Adria. In our most recent affirmation of Austria, we stated that, "a clarification on realistic and reliable additional support measures
