Spectator on facebook

Spectator on facebook

CORPORATE NEWS

Moody's cuts ratings of two Slovak banks

Moody's Investors Service has lowered the ratings of Slovenská Sporiteľňa (SLSP) and Všeobecná Úverová Banka (VÚB) for long-term foreign currency deposits from Ba1 to Ba2, following the March 30 downgrading of Slovakia's country ratings ceilings for long-term foreign currency deposits to Ba2. Moody's said that both banks are pegged to the country's ratings ceiling for deposits, based on the likelihood of state support if necessary, and therefore the banks' ratings have changed in line with the downgrade of the country's ratings ceilings. At the same time, Moody's confirmed the foreign currency subordinated debt ratings of SLSP and VÚB at Ba1, as well as the rating of Slovenská Poľnohospodárska Banka (SPB) for long-term foreign currency deposits at Ba2. Moody's said these ratings were not affected by the country's ceiling changes. Similarly, the country's overall downgrade did not affect the banks' short-term foreign currency deposit ratings, already at Not Prime, or their financial strength ratings, each at D already.

Top stories

Surcharges for night, weekend and holiday work will go up in two phases

Social partners agree upon a compromise solution.

Giving a voice to those unheard

The Sme daily celebrates 25 years since its founding. It is of immense importance that it remains independent and free, writes its editor-in-chief.

The Sme daily celebrates 25th anniversary

The newspaper, which was established as a protest against autocratic power, has been published for 25 years.

The first issue of Sme in own printing house; publisher Alexej Fulmek (C) with chief editor Karol Ježík (R).

Ryanair changes its cabin bag policy as of Monday, January 15th

The low-cost airline operates dozens routes from Bratislava.

ryanair plane, illustrative stock photo