THE RENOWNED Fitch Ratings firm improved Slovakia's investment rating from BBB to BBB+ on January 22.
Fitch explained that the improved rating was the result of the country's ongoing reforms, progress towards the adoption of the common EU currency, and falling deficits, the state-run news agency TASR wrote.
The news resulted in the immediate strengthening of the local currency. Analysts said that they had expected the change and thought Standard & Poor's would also increase its rating of Slovakia.
