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S&P revises Slovakia's outlook to stable

Ratings

S&P Global Ratings changed Slovakia's sovereign credit rating outlook to stable from negative and affirmed the debt grade at 'A+', it said in a statement on Friday, according to a report by Trading Economics.

The main reason behind the revision, the ratings company said, is that it expects that Slovakia's economy will rebound by 4.3% in 2021 and return to solid growth of about 3% through 2024, supported by the continued inflow of EU funds and forthcoming private-sector investments in its auto sector. Moody's credit rating for Slovakia was last set at A2 with stable outlook.

Fitch's credit rating for Slovakia was last reported at A with negative outlook. DBRS's credit rating for Slovakia is A (high) with stable outlook.

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