Spectator on facebook

Spectator on facebook

Sme reports that Moody’s downgrade of Italy may affect Slovakia

When Moody's rating agency downgraded Italy's credit worthiness by three grades it sent a message to other European countries as well, the Sme daily wrote on October 6, stating that those countries without the highest AAA rating can expect that they might be downgraded in the future because of uncertainty in the eurozone. Slovakia currently has an A1 rating.

When Moody's rating agency downgraded Italy's credit worthiness by three grades it sent a message to other European countries as well, the Sme daily wrote on October 6, stating that those countries without the highest AAA rating can expect that they might be downgraded in the future because of uncertainty in the eurozone. Slovakia currently has an A1 rating.

Slovakia’s Finance Ministry stated that the country’s rating outlook is stable.

"We have no signals about Moody's adjusting our rating," said Martin Jaroš, the ministry’s spokesman, as quoted by Sme, adding that the downgrade of Italy’s rating only confirms the urgency of Slovakia continuing to consolidate its public finances.

Financial analyst Martin Prokop from Next Finance told Sme that Moody's evaluates Slovakia’s outlook as stable and that the agency saw no reason for downgrading it.

Source: Sme

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

Top stories

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.

Slovaks in the UK do not have to fear Brexit

Brexit itself should not impact the position of Slovaks in the UK, an interim agreement between the European Union and Great Britain suggests.

Brexit, illustrative stock photo

Russians win the Tatry Ice Master 2018 Video

Ice-sculptors worked with a massive 50 tonnes of ice on the weekend of January 12-14; their sculptures remain on display.

The ice scupltures at Hrebienok, Tatry Ice Masters

The Bratislava airport has competition in Vienna

The airport in Vienna, only about 60 kilometres from the Slovak capital, gains 17 new low-cost airliner flights.

Illustrative stock photo