Local government
Moody's Downgrades City of Vienna's Baseline Credit Assessments and Affirms Regional Governments
The City of Vienna's Baseline Credit Assessments (BCA) were downgraded to aa3 from aa2, reflecting fiscal challenges, while the State of Lower Austria's aa3 BCA and State of Carinthia's a1 BCA were affirmed. The ratings of all six entities were affirmed, with Moody'