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
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