S&P: Austria view stable

Standard & Poor's said it revised its outlook on the long-term rating on the Republic of Austria to stable from negative.

At the same time, S&P affirmed its AA+ long-term and A-1+ short-term sovereign credit ratings.

The agency said the outlook change reflects its expectation that Austria's economy will continue to cope well with the negative impact of the European sovereign debt crisis and that the government will adhere to its stricter consolidation path and reforms as outlined in the 2012-2016 financial plan.

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