Slovakia maintains its rating, but its outlook worsens

Corruption and budget issues are behind the worsened outlook.

Slovakia cannot hope for a better rating anytime soon.

The Moody's Investors Service agency confirmed Slovakia's A2 rating, but worsened its outlook from positive to stable.

The reasons are the absence of material improvements to Slovakia's institutional strength, the deterioration in long term fiscal sustainability due to the partial reversal of past pension reforms; the expected slowing pace in reducing the government's debt burden and Slovakia's economic strength, which despite improvements remains low.

The agency would consider upgrading the country's outlook if it saw efforts to tackle some structural weaknesses, including the education system and corruption.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Top stories

The latest Focus poll has found that 57.7 percent of Slovaks think the government should not be lenient when it comes to taking refugees in.

Show us you belong and we will accept you. Poll shows Slovaks' attitudes to foreigners

The latest Focus poll unveils how an ideal foreigner looks to Slovaks, and if Slovakia can ever become a home to foreigners.


18 h
The media have condemned the change, approved by MPs, that extends the moratorium to 50 days

We condemn the latest attack against journalists

Slovak journalists stand behind their colleagues from Denník N.


6 h
Former special prosecutor Dušan Kováčik escorted to the courtroom on September 20.

The ten strongest points of the verdict against former special prosecutor

Dušan Kováčik is the first high-ranking official under the Smer-led governments to hear a guilty verdict on corruption charges.


2 h
Dušan Kováčik escorted to the courtroom.

Former special prosecutor Kováčik found guilty

Judge sentences him to 14 years in prison for corruption.


18 h
Skryť Close ad