Austria Wants to Regain AAA Rating at S&P, Spindelegger Says

Austria wants to regain its AAA rating at Standard & Poor’s, Vice Chancellor Michael Spindelegger told reporters in Vienna today.

“We now have to start reforming the system with a cool head,” Spindelegger said, before a meeting with Chancellor Werner Faymann, Finance Minister Maria Fekter, Central Bank Governor Ewald Nowotny and the heads of the financial regulators on the country’s banks.

“I don’t see a big danger coming from the banking industry in Austria,” Spindelegger said. The meeting is about the “risk that Austrian banks have because of their activities in other countries, which we will now evaluate.”

To contact the reporter on this story: Zoe Schneeweiss in Vienna at zschneeweiss@bloomberg.net

To contact the editor responsible for this story: Zoe Schneeweiss at zschneeweiss@bloomberg.net

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