28. October 2002 at 00:00

Fitch not ready to raise rating

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TASR , SITA ,

Newswire

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THE FITCH ratings agency says it will raise Slovakia to investment grade when the country lowers its fiscal deficit, something the new Dzurinda cabinet has promised to do during its four-year term.

The agency dropped Slovakia from investment grade in 1998 after state spending under the 1994-1998 Vladimír Mečiar government threatened the economy.

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