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
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: Outlook: Positive
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Research type: News
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