Spectator on facebook

Spectator on facebook

Moody's upgrades Slovakia's foreign-currency bond rating

MOODY's Investors Service has upgraded the rating of Slovakia's long-term foreign-currency bonds from A2 to Aa1. The rating outlook was changed from positive to stable.

Moody's said that a new approach to setting its foreign-currency country ceilings for bonds has resulted in upgraded ceilings for 70 countries including Poland, the Czech Republic and Hungary.

Country ceilings already carrying Moody's top rating of Aaa were unaffected by the new methodology, and no country ceiling was downgraded as a result of the revised approach.

The agency's thinking in favor of greater flexibility in the application of country ceilings has reflected the deepening of international capital markets since the 1990s, the SITA news agency wrote.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Government ignores anticorruption demands Photo

Protesters gave the government two weeks to fulfil their demands.

Slovak AeroMobil starts taking pre-orders for its flying car Photo

The company is losing a key figure – inventor Štefan Klein.

Prince Albert II of Monaco (r) and Juraj Vaculík, CEO and co-founder of AeroMobil, unveiled the latest prototype of a flying car in Monaco on April 20.

Drivers in Bratislava should prepare for worse traffic

Dissatisfied taxi drivers will go on a protest ride from Petržalka to Lamač on Wednesday.

Taxi drivers protested against Uber already in 2015.