DBRS ups Slovenia

DBRS said it upgraded the Republic of Slovenia’s long-term foreign and local currency – issuer ratings to A (high). The trend has changed from positive to stable.

The ratings upgrade reflects DBRS’ view that Slovenia’s credit quality across several analytical building blocks has improved. “Impressive economic growth in recent years helped repair fiscal accounts and accelerated the downward trajectory in the debt-to-GDP ratio,” said DBRS in a press release.

DBRS said it expects fiscal surpluses in the coming years and general government debt to decline to under 62% of GDP in 2020. If completed, debt consolidation would constitute a remarkable reduction of over 20 percentage points of GDP since 2015.

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