Spectator on facebook

Spectator on facebook

S&P affirmed Slovakia’s rating

The international rating agency Standard & Poor’s Ratings Services (S&P) affirmed its A-level long-term sovereign credit rating for Slovakia, while also confirming the short-term A-1 rating. The outlook for the country is stable, the TASR newswire reported on August 2.

The international rating agency Standard & Poor’s Ratings Services (S&P) affirmed its A-level long-term sovereign credit rating for Slovakia, while also confirming the short-term A-1 rating. The outlook for the country is stable, the TASR newswire reported on August 2.

The affirmation of the rating is in line with the country’s mild, although rising debt, and low net foreign debt. Moreover, the economy is likely to grow and the country’s banking sector is stable, as reported by TASR.

On the other hand, S&P warns against the high structural unemployment rate, high youth joblessness, weak employment and low standards of living, which still lag behind other eurozone countries, TASR wrote.

The investments into production and export capacities supported the increase in the incomes of Slovak households, with the GDP per capita increasing from $3,700 in 2000 to $17,500 in 2013.

S&P expects the government will decrease the budget deficit below 3 percent of GDP this year despite the decrease in the growth prognosis, as reported by TASR.

Source: TASR

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Automotive industry and e-commerce drive the industrial sector

Western Slovakia with Bratislava remains the strongest locality.

Prologis Park Bratislava

Investigative journalists awarded for their bravery

Seven journalists received the White Crow award for defending the public good. The organisers of For a Decent Slovakia were given a special vote of thanks.

The award-winning journalists

Will sisters Paulína and Ivona Fialková represent Slovakia at the Biathlon World Cup?

The Slovak Biathlon Union has banned them from participating but has also registered them for the World Cup.

Paulína (left) and Ivona Fialková

How to elect your mayor

When you live in a small village, you don't care about Bratislava. At home, everything is at stake.