FXstreet.com (Córdoba) - Standard & Poor's Ratings Services affirmed its 'A' long -term sovereign credit rating on the Slovak Republic (Slovakia) on Friday, with outlook stable. "We are of the view that Slovakia's government remains committed to lowering its fiscal deficit below 3% of GDP by 2013", said S&P.
Meanwhile, the rating agency also announced it lowered Slovenia's long-term sovereign credit rating to 'A' from 'A+', with negative outlook. S&P says growing political polarization and policy uncertainty "are contributing to the sharp contraction in financial sector external funding and the sustained increase in the government's external funding costs".
On Thursday, Moody's, other rating agency, had downgraded Slovenia's government bond by 3-notches, pushing the rating to BAA2 from A2.
Meanwhile, the rating agency also announced it lowered Slovenia's long-term sovereign credit rating to 'A' from 'A+', with negative outlook. S&P says growing political polarization and policy uncertainty "are contributing to the sharp contraction in financial sector external funding and the sustained increase in the government's external funding costs".
On Thursday, Moody's, other rating agency, had downgraded Slovenia's government bond by 3-notches, pushing the rating to BAA2 from A2.
