Austria's diversified and prosperous economy is posting high GDP growth and sizable current account surpluses, while government debt to GDP continues to decline. We are therefore affirming our 'AA+/A-1+' ratings on Austria. The outlook is stable. On Sept. 14, 2018, S&P Global Ratings affirmed its 'AA+/A-1+' long- and short-term foreign and local currency sovereign credit ratings on Austria. The outlook is stable. At the same time, we affirmed our 'AA+' long-term and 'A-1+' short-term issue ratings on Austria's senior unsecured debt. We also affirmed our 'AA+' long-term local currency issue rating on the sovereign-guaranteed bond (XS0863484035) of subordinated debt issued by Heta Asset Resolution AG. The stable outlook reflects our expectation that the current coalition government--established in December 2017--will broadly
