Standard & Poor's is another rating agency to reconfirm an A+ rating with a stable outlook in the case of Slovakia.
Slovakia maintains its rating, but its outlook worsens Read moreA positive outlook for economic growth, stable fiscal policy, low external debt, and the well-capitalised banking sector are the main reasons why S&P’s took this decision, the SITA newswire reported.
Besides, Slovakia does not have to worry about a rapid economic slowdown due to strong domestic demand. The rating agency also underlined a growing employment rate.
Fiscal performance to be improved
S & P’s, however, added that Slovakia is a car industry-oriented and open economy.