Fitch Ratings confirmed rating for Slovakia

ON FEBRUARY 20, Fitch Ratings confirmed Slovakia’s Long-term Foreign and Local Currency Issuer Default Ratings at A+.

(Source: SME)

Slovakia’s A+ rating reflects its robust institutional framework, including membership of the European Union and the eurozone, with the outlook being stable, the Reuters newswire wrote.

Fitch also confirmed the cap rating of the country at AAA and the issue rating of short-term bonds in foreign currency at F1.

On the other hand, Fitch points to certain limits stemming from the relatively big instability of GDP due to market and sectoral concentration of the Slovak economy, and the high rate of openness of Slovakia towards foreign trade. Fitch sees the state indebtedness as stabilised at about 55 percent of GDP, in spite of continuing pressure for its increase. 

Get daily Slovak news directly to your inbox

Top stories

Threats have worked. People queued for COVID testing before the official start

The nationwide testing in Slovakia started with four districts in the north. Here is a report from the first day in Orava.

Bardejov

Day two of pilot testing in hardest-hit regions is off to a smoother start

PM Igor Matovič and Health Minister Marek Krajčí are helping the sampling teams, too.

Trstená, the Tvrdošín district

No test, no work. Employees will have to take paid or unpaid leave

Those who will be quarantined with a positive test result will be entitled to pandemic sick leave.

Illustrative stock photo

Autumn holidays change, art schools close too

The ministry will contribute to schools to buy computers and other equipment for distance learning.

Illustrative stock photo