Standard & Poor’s confirmed A/A-1 rating for Slovakia

THE INTERNATIONAL Standard & Poor’s Ratings Services (S&P) on January 30 confirmed the long-term rating of loan credibility of Slovakia at the A level. 

Domestic demand helps decrease budgetary deficit.Domestic demand helps decrease budgetary deficit. (Source: Sme)

It also confirmed the short-term rating of loan credibility of Slovakia at A-1. The outlook of ratings is stable. In case of favourable development, there is a one-to-three probability, according to the agency, that in the next 18 months, it will improve the ratings of Slovakia.

(S&P) opined that the low indebtedness and strong economic growth are to the advantage of stable ratings for Slovakia, and the stabilising domestic demand will probably contribute to the decrease of the budgetary deficit, the SITA newswire wrote.

 

Compiled by Spectator staff 

Get daily Slovak news directly to your inbox

Top stories

Curfew and closed schools. Slovakia goes into a mild lockdown this weekend

Nationwide testing will follow, accompanied by another curfew.

Nationwide testing - an ambitious plan with an uncertain result

Antigen tests to be used work on patients with symptoms.

Police arrest top special prosecutor, suspected of helping a mafia group

Dušan Kováčik is known for not filing any criminal lawsuits.

State prepared an €100-million injection for tourism

The sector hit hard by the coronavirus crisis should see money at the end of this year.

Illustrative stock photo