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.

Get daily Slovak news directly to your inbox

Top stories

Railway station in Košice

Who’s the foreigner in this country now?

The virus has highlighted some differences between migrants and locals, but erased others.

12 h
Košice

News digest: Slovakia has passed the peak of the second wave, health minister says

Polish doctors will help take swabs in Slovakia this weekend. People who have had COVID can just show their positive test result.

22. jan
Rapid testing in Košice

Nationwide COVID-19 testing – and criticism – starts again

Longer ‘screening’ different to October operation.

22. jan
Ján Sýkora is an easy-going ice-hockey player who has got a great sense of humour.

Fashion brands mean nothing to me. Professional hockey player about his life in central Slovakia

In an entertaining interview, the down-to-earth ice hockey player, Ján Sýkora, talks about being a busy bee with a poor memory.

21. jan