This report supplements our research update "Republic of Austria 'AA+/A-1+' Ratings Affirmed On Expected Stabilization Of Debt; Outlook Stable," published on March 27, 2015. To provide the most current information, we may cite more recent data than that stated in the previous publication. These differences have been determined not to be sufficiently significant to affect the rating and our main conclusions. The ratings on the Republic of Austria reflect Standard&Poor's Ratings Services' assessment of Austria's very wealthy, competitive, and diversified economy, which has a strong external position and the second-lowest unemployment rate in the EU. We expect Austria will achieve current account surpluses over the next few years, further exacerbating its position as a capital exporter with an
