Fitch affirms Slovenia

Fitch Ratings said it affirmed the Republic of Slovenia's ratings at long-term foreign currency AA- with a positive outlook and long-term local currency AA with a stable outlook.

At the same time, the agency has affirmed the short-term rating at F1+ and the country ceiling at AA+.

"Slovenia's future credit trends are likely to be driven by two key issues: continued real convergence of living standards with those of richer, Western European economies and, over the shorter term, Slovenia's adoption of the euro," said David Heslam, associate director in Fitch's Sovereign group.

"Slovenia's ratings are supported by a strong, diverse economy, EU membership, stable public finances and low external financing risks."

The agency added Slovenia's weaknesses include its still relatively low level of per capita income.

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