Fitch upgrades foreign currency rating outlook

FITCH Ratings has changed its long-term foreign currency ratings from stable to positive in seven out of the ten EU-acceding states, including Slovakia.

Slovakia currently holds a BBB rating. The other countries affected are Cyprus (A+), Latvia (BBB+), Lithuania (BBB), Malta (A), Poland (BBB+), and Slovenia (A+).

Fitch expects the acceding EU members to reach sovereign credit ratings that would be two to three notches above their current levels when they eventually adopt the euro. That will happen because full membership to the euro area would reduce the risks to sovereign creditworthiness caused by external shocks and imbalances in the balance of payments.

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Stock image.

Twice as many Ukrainians work in Slovakia now than before the Russian invasion.


Píšem or pišám?

"Do ľava," (to the left) I yelled, "Nie, do prava" (no, to the right), I gasped. "Dolšie," I screamed. "Nie, nie, horšie..." My Slovak girlfriend collapsed in laughter. Was it something I said?


Matthew J. Reynolds
Czech biochemist Jan Konvalinka.

Jan Konvalinka was expecting a pandemic before Covid-19 came along.


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