Moody’s upgrades Slovenia

Moody’s Investors Service said it upgraded the government of Slovenia’s long-term issuer and senior unsecured bond ratings to A3 from Baa1. Concurrently, the agency changed the outlook to stable from positive.

The upgrade of Slovenia’s ratings reflects the improvement in the country’s debt burden, the major improvement in the banking system’s health as well as completing the privatization of the country’s largest banks, Moody’s said.

“The stable outlook reflects Moody’s expectation that the current crisis will not leave a significant and lasting negative impact on Slovenia’s economy and that the country’s economic and fiscal strength will remain aligned with the A3 rating,” the agency said in a press release.

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