Spectator on facebook

Spectator on facebook

CORPORATE BRIEFS

Moody's Investors Service raises Slovak rating

After almost two years of steady declines in Slovakia's country rating, the renowned ratings agency Moody's Investor Service on October 27 increased its ratings outlook on Slovakia from negative to stable. Slovakia remains in the 'speculative' category, according to Moody's, but the outlook increase means that if the Slovak government continues with economic reforms, the country may soon return to the 'investment' bracket - a signal to international markets and investors that it is safe to put their money into Slovakia.

"The new coalition government has been working in Slovakia for almost a year. The risk that it would fall apart has decreased, while the willingness to continue with reforms has stayed strong," the agency said in explaining the outlook change. Moody's praised declines in the country's fiscal and current account balance deficits this year, as well as the central bank's efforts to reduce Slovakia's short-term indebtedness.

Similar increases in ratings are expected from two other agencies, Standard and Poor's and Fitch IBCA, both of which have had analysis teams on the ground in Bratislava for the past two weeks.

Top stories

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Poll: Smer followed by SaS, KDH also in parliament

Had the general election taken place in mid-February, the opposition Freedom and Solidarity (SaS) would place second, and the now extra-parliamentary KDH would get nine seats.

Alojz Hlina took over at the helm of KDH

Woman who urinated on the Quran arrested, awaiting trial

Some observers believe the video might lead to increasing security risks for Slovakia.

The accused woman arrives to the court.