Moody's confirms Slovakia’s A2 rating with stable outlook

The International agency Moody's has confirmed Slovakia's A2 rating of government's bonds with a stable outlook, due to "the deep economic and financial integration of the country within Europe", moderate Government debt ratios and high debt affordability. All of this underpins the stable outlook of government bonds, according to the analysis released by Moody's on Tuesday. The agency predicts that Slovakia's GDP will increase by 2.7 percent this year and by 3.1 percent in 2016 partly by virtue of significant domestic demand. Marco Zaninelli from Moody's pointed out that the key driver behind the Slovak economy is still external demand, as the open pro-export oriented economy continues to build and extend ties within the European network of suppliers. On the other hand, domestic consumption is on the rise and becoming more prominent in the nation's economy with every passing day, leading to a more balanced mix of internal and external demand.