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Moody’s upgrades Slovenia to Baa3
Moody's Investors Service said it upgraded the government bond rating of Slovenia to Baa3 from Ba1.
The outlook is stable.
The key drivers for the action are: (a) The progress in fiscal consolidation and an improved policy-making environment, which increases the likelihood that further economic and fiscal policy reform will be implemented; and (b) the stabilization of the banking sector, which reduces the risk of further contingent liabilities crystallizing on the government's balance sheet.
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