Standard & Poor’s Ratings Services revised its outlook on Slovakia from stable to positive. At the same time, it affirmed the ‘A/A-1’ long- and short-term foreign and local currency sovereign credit ratings on Slovakia.
This outlook revision reflects particularly a positive evaluation of consolidation of Slovak public finances by the agency. Standard & Poor’s claims the country’s rating could be upgraded even more, reasoning that the efforts to consolidate public finances along with broader and more balanced economic growth will contribute to reducing budgetary deficits and a drop in public debt in the next years.
Katarína Richterová
