MOODY’S Investors Service confirmed Slovakia’s rating of A1 with regard to its foreign obligations and domestic currency on May 17 and added that the outlook is stable.
The SITA newswire reported that Moody’s announcement came in reaction to plans by the government of Iveta Radičová to take several measures towards fiscal consolidation, such as reducing public sector wage costs by 10 percent in 2011, limiting waste in public procurement, freezing public investments and increasing the overall effectiveness of public sector expenditure.
