ADVERTISEMENT

Moodyʼs upgrades Slovenia to ʼA3ʼ

Ratings

Photo by Daniel J. Macy / Shutterstock.com

Global credit rating agency Moodyʼs has upgraded Sloveniaʼs long-term issuer and senior unsecured bond ratings by one notch to ʼA3ʼ from ʼBaa1ʼ, changing the outlook to stable from positive. 

Photo by Daniel J. Macy / Shutterstock.com

Main drivers behind the upgrade the improvement of Sloveniaʼs debt burden and debt affordability metrics relative to peers, with Moodyʼs expectation that the debt reduction trend will resume next year as the economy recovers from the pandemic shock, and the significant improvement of the health of the banking system, as well as the completion of the privatization of the countryʼs largest banks, Moodyʼs said in a statement.

Although Moodyʼs expected Sloveniaʼs gross domestic product (GDP) to contract by 6.7% this year, it said the Slovenian economyʼs growth potential will remain broadly intact beyond the current crisis.

ADVERTISEMENT

Pressure increasing on CFOs - PwC survey Analysis

Pressure increasing on CFOs - PwC survey

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.