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Slovakia's financial ratings raised

THE INTERNATIONAL rating agency Moody's Investors Service has raised Slovakia's long-term liabilities foreign currency rating from level A3 to level A2.

The agency also upped the country's short-term liabilities rating from P-2 to P-1, according to the Hospodárske noviny daily.

Moody's explained the move by saying that because of the ongoing reforms, a gradual decrease in the public finance deficit is expected.

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