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S&P revises Eximbanka’s rating

STANDARD & Poor’s Rating Services (S&P) has confirmed the long and short-term foreign and local currency issuer credit ratings of the Export-Import Bank of the Slovak Republic, Eximbanka SR, at A/A-1. The rating agency also revised its outlook for the bank from stable to positive, the SITA newswire reported on August 6.

STANDARD & Poor’s Rating Services (S&P) has confirmed the long and short-term foreign and local currency issuer credit ratings of the Export-Import Bank of the Slovak Republic, Eximbanka SR, at A/A-1. The rating agency also revised its outlook for the bank from stable to positive, the SITA newswire reported on August 6.

According to S&P, the Eximbanka ratings reflect the agency’s opinion that the Slovak government will provide the bank with early and appropriate help in the event of financial problems.

The revision may follow the changes to the rating for all of Slovakia issued on August 1. S&P confirmed the country’s long-term sovereign credit rating at A, as well as the short-term rating at A-1. It also revised the outlook from stable to positive, as a result of a positive evaluation of the consolidation of public finances, SITA wrote.

If Slovakia continues this trend, it is possible that S&P may increase its rating of Slovakia in the following two years, as reported by SITA.

Source: SITA

Compiled by Radka Minarechová from press reports

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