S&P confirms Slovakia’s rating

STANDARD & Poor’s affirmed Slovakia’s long-term sovereign credit rating at an A level, and its short-term rating at A1, with a stable outlook, the Reuters agency informed on January 31.

STANDARD & Poor’s affirmed Slovakia’s long-term sovereign credit rating at an A level, and its short-term rating at A1, with a stable outlook, the Reuters agency informed on January 31.

The credit rating agency said the rating reflects expectations that the government will stabilise its debt burden through fiscal consolidation and maintaining a stable banking sector, and that its external debt will remain low.

"We believe these strengths are offset by economic challenges, including high structural and youth unemployment, and low labour activity rates and wealth, which still lag behind its eurozone peers," S&P said in a statement, as quoted by Reuters.

Source: Reuters

Compiled by Michaela Terenzani 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

Car industry needs to jump on the latest trends

Economy minister promises extensive support for hydrogen technologies in Slovakia.

The Hydrogen Technology Research Centre (CVVT) is to be launched at the end of 2020 or beginning of 2021 in Košice to do R&D in this field.

Half of all parents lack time to help their children with distance learning

Some have a hard time motivating their children, others do not understand the curriculum.

What brands should do in a pandemic of distrust

Strategic communication lessons of the COVID-19 pandemic summarized and explained by experts from Seesame.

Illustrative stock photo

Want to publish a book? You can do it yourself

Self-publishing is setting a new trend.

Nikoleta Kováčová has published two cookbooks without the aid of a publishing house.