S&P rates Slovenia bonds A-

Standard & Poor's said it assigned an A- long-term senior unsecured debt rating to the proposed five- and 10-year benchmarked-sized bonds to be issued by the Republic of Slovenia.

The bonds are expected to finance the recapitalization of troubled state-owned banks, as well as prefund some of the government's borrowing needs for 2014 and 2015, the agency said.

The sovereign credit ratings on Slovenia reflect an expectation of further progress in fiscal consolidation under the new government, S&P said.

The ratings are underpinned by Slovenia's open and relatively wealthy economy and the absence of external imbalances, the agency said.

These strengths are moderated by Slovenia's sharply rising government debt burden amid uncertain growth prospects, S&P said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.