S&P lifts Slovenia

S&P said it raised the long-term rating on Slovenia to AA- from A+ and the short-term rating to A-1+ from A-1.

The outlook is stable.

S&P said its view takes into account the upside potential from faster income convergence toward the euro zone average, but also possible higher-than-expected external risks to economic growth, public finances, and financial stability, and the potential for buildup of macroeconomic imbalances.

Slovenia continues to post strong GDP and employment growth, alongside fiscal and external surpluses, and its debt will decline further to about 40% of GDP over 2019-2022, S&P said in a news release.

© 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.