An illustrative image. (source: TASR/AP)
Standard & Poor's is another rating agency to reconfirm an A+ rating with a stable outlook in the case of Slovakia.
Slovakia maintains its rating, but its outlook worsens
A positive outlook for economic growth, stable fiscal policy, low external debt, and the well-capitalised banking sector are the main reasons why S&P’s took this decision, the SITA newswire reported.
Besides, Slovakia does not have to worry about a rapid economic slowdown due to strong domestic demand. The rating agency also underlined a growing employment rate.
Fiscal performance to be improved
S & P’s, however, added that Slovakia is a car industry-oriented and open economy.
