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2020/05/14 / Erste Group Research

Real economy in the clutches of the corona crisis

Reported figures for 1Q 2020 of STOXX 600 companies as well as numerous rating actions by the agencies in the recent past show the partly strongly negative financial effects of the COVID-19 pandemic on issuers. This makes the substantial support measures at national and European level all the more important now. In any event, the ECB is pressing on and its bond purchases have set a new record high last week.

Special topics of the week:

- Province of Lower Austria: S&P revises outlook to negative

- ASFINAG: 2019 annual result
- Issuer in focus: HYPO NOE

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General information

AuthorErste Group Research
Date2020/05/14
Languageen
Product nameCredit News
Topic in focusCredits/ Corporate bonds
Economy in focusAustria, Eurozone
Currency in focusEuro
Sector in focus-
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