We are assigning our 'A/A-1' ratings to Raiffeisen Bank International AG and affirming the 'A/A-1' ratings on its parent, Raiffeisen Zentralbank Oesterreich. We consider both banks to be "core" entities of the Austria-based Raiffeisen Banking Group (RBG) and of high systemic importance to the Republic of Austria. The ratings incorporate two notches of uplift above their respective stand-alone credit profiles. The negative outlook reflects uncertainties about the banks' capital generation capacity. On Oct. 11, 2011, Standard&Poor's Ratings Services assigned its 'A' long-term and 'A-1' short-term counterparty credit ratings to Austria-based Raiffeisen Bank International AG (RBI). The outlook is negative. At the same time we affirmed 'A' long-term and 'A-1' short-term counterparty credit ratings on RBI's majority owner, Austria-based
