BUSINESS IN SHORT

Fitch may upgrade Slovakia’s rating

THE FITCH group, an international credit ratings agency, states that if the new coalition government in Slovakia proves stable, cohesive and able to implement fiscal and structural reforms, the agency might upgrade the country’s rating over the medium term, the SITA newswire wrote.

THE FITCH group, an international credit ratings agency, states that if the new coalition government in Slovakia proves stable, cohesive and able to implement fiscal and structural reforms, the agency might upgrade the country’s rating over the medium term, the SITA newswire wrote.

Slovakia currently has a long-term Foreign Currency Issuer Default rating of A+ with a stable outlook.

Slovakia’s rating already incorporates strong credit fundamentals, reflecting the acceleration of reforms leading to EU accession under the previous Slovak Democratic and Christian Union-led (SDKÚ) government, as well as sound fiscal management by both SDKÚ- and Smer-led governments leading to euro area membership under the latter, SITA wrote, based on the Fitch report.


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