S&P upgrades Slovenia to A+

S&P said raised the long-term foreign and local currency sovereign credit ratings on Slovenia to A+ from A and affirmed its A-1 short-term sovereign credit ratings.

The outlook is stable.

S&P said the upgrade reflects its expectation that net general government debt will fall below 60% by the end of 2018. This is based on the agency’s assumption that the Slovenian economy will continue on its robust growth trajectory in 2017 and following years, as domestic demand continues to soar with rising employment lifting disposable incomes and investments picking up.

At the same time, export growth remains sturdy, due to buoyant demand from European trading partners, S&P added.

© 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.