S&P shifts Slovakia view to stable

S&P said it revised Slovakia’s outlook to stable from negative and affirmed its A+ long-term foreign- and local-currency sovereign ratings.

The outlook balances the pandemic’s consequences on public finances with the expectation of an economic rebound facilitated by a steady absorption of European Union funds and continued investments from the private sector into Slovakia’s productive capacity, the agency said.

S&P said it forecasts Slovakia’s economy will rebound by 4.3% in 2021 and return to solid growth of about 3% through 2024.

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