Credit Rating Report

Morningstar DBRS Changes Trends on Republic of Austria to Negative, Confirms Credit Ratings at AAA

Sovereigns

Summary

DBRS Ratings GmbH (Morningstar DBRS) changed the trends on the Republic of Austria's (Austria) Long-Term Foreign and Local Currency - Issuer Ratings to Negative from Stable and confirmed the ratings at AAA. At the same time, Morningstar DBRS confirmed Austria's Short-Term Foreign and Local Currency - Issuer Ratings at R-1 (high). The trend on all Short-Term ratings remains Stable.

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