Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Moody’s lowers outlook for banks

MOODY’S Investors Service changed its outlook for Slovakia’s banking system from stable to negative, citing weaker economic growth and quality of assets in the banking sector, in its most recent rating released on March 27.

MOODY’S Investors Service changed its outlook for Slovakia’s banking system from stable to negative, citing weaker economic growth and quality of assets in the banking sector, in its most recent rating released on March 27.

Moody’s expects that the economic downturn within the European Union will put pressure on asset quality and profits in Slovakia’s banking sector, the SITA newswire wrote, while noting that these factors are somewhat mitigated by expectations that the sector will maintain good liquidity and adequate capitalisation.

The rating agency wrote that it expects growth in Slovakia’s GDP to decelerate to about 1.7 percent in 2012 from 3.1 percent in 2011 and 4 percent in 2010. Despite profit growth in the banking sector over the last two years, Moody’s expects profits will now fall because of the weakened business environment.

Top stories

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness