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Slovak Republic Outlook Revised To Positive On New Government's Commitment To Fiscal Reform; 'A+/A-1' Ratings Affirmed Aug 11 Product Image

Slovak Republic Outlook Revised To Positive On New Government's Commitment To Fiscal Reform; 'A+/A-1' Ratings Affirmed Aug 11

  • ID: 1871020
  • August 2011
  • Region: Slovakia
  • Standard & Poors

Abstract
The SDKU-DS-led coalition government that came to power in the Slovak Republic following the June 2010 elections is committed to consolidating public finances and restructuring the economy. This commitment continues Slovakia's decade-long track record of economic reform. We have therefore revised the outlook on the Republic to positive from stable and affirmed our 'A+/A-1' ratings. The positive outlook reflects the likelihood of an upgrade if Slovakia's government reduces its currently high fiscal deficit, stabilizes government debt as a share of GDP, and continues to reform the labor market and business environment. LONDON (Standard & Poor's) Aug. 24, 2011--Standard & Poor's Ratings Services said today that it revised its outlook on the Slovak Republic to positive from stable. At the same...

Companies mentioned in this report are:
- Slovak Republic

Action: Affirmed
Action: Outlook: Positive

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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