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Fitch improves Slovakia's rating

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

Fitch explained that the improved rating was the result of the country's ongoing reforms, progress towards the adoption of the common EU currency, and falling deficits, the state-run news agency TASR wrote.

The news resulted in the 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.

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