S&P improves Slovakia’s outlook. After exiting the EU’s excessive deficit procedure some months ago, Slovakia received more good news. Rating agency Standard & Poor’s revised its outlook for Slovakia to ‘positive’ from ‘stable’. At the same time, it affirmed its ‘A/A-1’ long- and short-term foreign and local currency sovereign credit ratings for Slovakia. Such ratings are important for the interest rates at which the country borrows money.
Doprastav undergoes restructuring. Once the biggest construction company in Slovakia, Doprastav narrowly avoided bankruptcy and entered the restructuring process.