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  28 Sep 2009 - OeEB - Standard & Poor's Rating for Oesterreichische Entwicklungsbank AG 

AA+ Longterm Rating/Stable outlook expected

On 28 September 2009, Standard & Poor's Ratings Services assigned its 'AA+'
long-term and 'A-1+' short-term issuer credit ratings to Oesterreichische
Entwicklungsbank AG. The outlook is stable.

 

Standard & Poor states that Oesterreichische Entwicklungsbank (OeEB) has a very important role in implementing Austria's international development policy because it is the government's sole agent for financing private-sector investments in developing and transition countries.

 

OeEB has an integral link with the government, based on state guarantees for client-related business. A positive implication on the rating for OeEB was also attributed to the fact that it is the subsidiary of a prominent government-related entity Oesterreichische Kontrollbank AG.

 

www.oe-eb.at

 

Reference

Peter Gumpinger
Oesterreichische Kontrollbank Group/Public Relations
Tel. +43 1 531 27-2441

peter.gumpinger@oekb.at



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Fax +43 1 533 12 00-5252

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