Vienna, 18.03.2016 Austrian Ministry of Finance: Standard & Poor's rating once again confirms Republic of Austria's high creditworthiness No rating change in the next two years – a signal of continuity and stability, no negative effects in spite of the Heta proceedings

Standard & Poor's once again confirmed the high creditworthiness and stable outlook of the Republic of Austria. The current rating does not consider the pending decisions in the Heta proceedings to have any effect on the Republic's excellent funding terms. As S&P states in its report, the stable outlook reflects the agency's expectations that no rating change will occur in the next two years. This is a signal of continuity and stability for investors and Austria as a financial centre, and confirms the effectiveness of Austria's reform efforts and growth stimulus measures. Austria continues to face challenges, and this encourages us to make further reforms.