This report supplements Standard&Poor's Ratings Services' research update "Austria Ratings Affirmed At 'AA+/A-1+' On Continuing Fiscal Consolidation And Resilient Economy; Outlook Stable," published March 28, 2014, on RatingsDirect. In order to provide the most updated information, there may be individual data differences with the previous publication. These differences have been determined not to be sufficiently significant to affect the rating, or our main conclusions. The ratings reflect Austria's stable governance and predictable economic policies supporting growth. The ratings benefit from the second highest GDP per capita in the EU (according to Eurostat) and Austria's competitive economy. The country's sustained current account surpluses and strong international investment position underpin its economic resilience. The ratings remain constrained by high and
