S&P rates Slovenia bond AA

Standard & Poor's said it assigned its AA senior unsecured debt rating to the Republic of Slovenia's proposed inaugural euro-denominated domestic benchmark bond. The issue is for €1 billion, maturing in 2018. The agency also affirmed its AA long-term and A-1+ short-term sovereign credit ratings.

The outlook is stable.

Slovenia's strong credit standing reflects the country's healthy economic prospects and the government's tight control over fiscal accounts, S&P said.

The ratings remain constrained by the country's hesitant approach to the reforms necessary to underpin further growth without jeopardizing the fiscal stringency of recent years, the agency added.

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