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.

Get daily Slovak news directly to your inbox

Top stories

Another former police president reportedly charged in a corruption case

NAKA charged eight former high-ranking police, SIS and Financial Administration officials.

Milan Lučanský

Haščák of Penta detained and accused

Dozens of police officers raided Digital Park, the headquarters of the financial group.

Jaroslav Haščák

Economy minister Sulík is the most trustworthy politician regarding solutions to the pandemic

More than half of respondents also think that the government underestimated preparation for the second wave.

Richard Sulík introduces his plan.

Car industry needs to jump on the latest trends

Economy minister promises extensive support for hydrogen technologies in Slovakia.

The Hydrogen Technology Research Centre (CVVT) is to be launched at the end of 2020 or beginning of 2021 in Košice to do R&D in this field.