DBRS Assigns Short-Term Sovereign Ratings of R-1 (high) to Austria, Stable Trend

DBRS, Inc. (DBRS) has today assigned R-1 (high) short-term issuer ratings with a Stable trend to the local and foreign currency debt of the Republic of Austria. The R-1 (high), Stable trend ratings are consistent with DBRS’s long-term issuer ratings on the local and foreign currency debt of AAA, Stable trend, as per DBRS’s rating scales.

Notes:
The principal applicable methodology is Rating Sovereign Governments, which can be found on our website under Methodologies. The principal applicable rating policies are Commercial Paper and Short-Term Debt, and Short-Term and Long-Term Rating Relationships, which can be found on our website under Rating Scales.

The sources of information used for this rating include the Oesterreichische Nationalbank, Ministry of Finance, Austrian Federal Financing Agency, Statistics Austria, Eurostat, IMF, OECD, BIS and Haver Analytics. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Lead Analyst: Michael Heydt
Rating Committee Chair: Alan G. Reid
Initial Rating Date: 21 June 2011
Most Recent Rating Update: 18 May 2012

For additional information on this rating please refer to the linking document under Related Research.