Slovakia gets A+ from Standard & Poor’s again

The rating agency pointed to Slovakia’s positive economic growth outlook.

An illustrative image.An illustrative image. (Source: TASR/AP)

Standard & Poor's is another rating agency to reconfirm an A+ rating with a stable outlook in the case of Slovakia.

Related articleSlovakia maintains its rating, but its outlook worsens Read more 

A 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.

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