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  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.
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Company Information
24.11.2017

Vienna - (Vienna, 24.11.2017) - Kommunalkredit Austria AG (Kommunalkredit)
announces to terminate the agreement with Moody's Rating Agency on the rating of
covered bonds with, currently rated at "Baa1"

The rating agreement with Standard & Poor's (S&P) remains unchanged. S&P
currently rates Kommunalkredit's covered bonds "A" (stable); this rating was
awarded for the first time on 13 June 2017.




Further inquiry note:
Kommunalkredit Austria AG
Martin Hehemann, Head of Corporate Communications
T +43 (0)1/31 6 31-532 or +43 (0)664/80 31631 532 
m.hehemann@kommunalkredit.at


end of announcement                         euro adhoc
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issuer:       Kommunalkredit Austria AG
              Türkenstraße  9
              A-1092 Wien
phone:        +43 1 31 6 31
FAX:          +43 1 31 6 31 105
mail:          info@kommunalkredit.at
WWW:       www.kommunalkredit.at
ISIN:         -
indexes:      
stockmarkets: Luxembourg Stock Exchange, Wien, SIX Swiss Exchange
language:     English