Frankfurt am Main, August 23, 2016 -- Moody's Investors Service has raised its outlook on the Austrian banking system to stable from negative, reflecting improvements in the banks' credit fundamentals on the back of falling exposures to higher risk Central and Eastern Europe (CEE) countries and stronger than expected capital buffers. The stable outlook replaces the negative outlook on Austria's banking sector in place since 2009 and expresses the rating agency's expectation of how Austrian banks' creditworthiness will evolve in the system over the next 12-18 months.

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