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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
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