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Fitch withdraws ratings of 5 Austrian banks

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Fitch withdraws ratings of 5 Austrian banks

Fitch Ratings on Oct. 18 withdrew the BBB-/F3 long- and short-term issuer default ratings of five Austrian banks following their merger with other members of Volksbanken-Verbund.

The ratings were withdrawn for Volksbank Bad Goisern eingetragene Genossenschaft, Volksbank Steirisches Salzkammergut reg. GmbH, Volksbank Bad Hall e.Gen., SPARDA-BANK AUSTRIA eGen and Österreichische Apothekerbank eG as they ceased to exist as separate entities.

The outlooks on the long-term ratings were positive at the time of withdrawal.