Spectator on facebook

Spectator on facebook

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

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

We want a decent Slovakia, people chanted in squares

On the eve of the Velvet Revolution anniversary, people protested in the thousands, calling for a decent Slovakia.

Bratislava protest November 16, 2018

What we didn't know about our freedom

In 1989, we thought that once the job was done, we would only go out to the squares for Sunday walks.

November 1989 in Bratislava

The courage to fight for democracy

Authoritarian societies squander the possibilities of human achievement, of lives lived to their fullest, writes the US ambassador to Slovakia.

Illustrative stock photo

While France has Beaujolais Nouveau, Slovakia has St Catherine's wines

This warm summer with an early harvest was a blessing for young wine.

St Catherine's wines