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Fitch improves Slovakia’s rating

THE RENOWNED firm Fitch Ratings improved Slovakia's investment rating from BBB to BBB+ on January 22.

Fitch explained that the improved rating was the result of ongoing reforms, good progress towards the adoption of the common EU currency, and falling deficits in the central European state, the state run news agency TASR wrote.

The news resulted in an immediate strengthening of the local currency. Analysts said that they had expected the change and thought Standard & Poor's would also increase its rating of Slovakia.

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

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