Spectator on facebook

Spectator on facebook

Fitch upgrades Slovakia’s credit rating

THE INTERNATIONAL ratings agency Fitch Ratings praised Slovakia for its reforms when it upgraded Slovakia's long-term foreign currency rating to A from A- on October 11. The Czech Republic received the same rating. For the first time Slovakia got a higher rating than Poland and Hungary, the daily SME reported.

"The upgrade to Slovakia's long-term foreign currency ratings reflects continuing improvements in credit fundamentals, underpinned by strong economic growth, which is aiding real convergence with Western European living standards," said David Heslam, Associate Director of Fitch's Sovereign group.

It also takes into account substantial fiscal policy reforms and reduced external financing risks, he added.

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

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Movies under an open sky feel differently than in an air-conditioned cinema Photo

The popularity of outdoor cinemas is increasing in Bratislava

Bažant Kinematograf on the Magio Pláž beach

Peter Sagan announces split with his wife Katarína

The Slovak cycling star who has a young son said “It will be much better this way”.

Peter Sagan marries Katarína, November 2015.

Top 3 news from Last Week in Slovakia Video

Slovakia to buy 14 American fighter jets.

This archive picture from 2014 shows an older model of the F-16 fighter jets.