Moody's affirms Slovenia's credit rating
Ljubljana, 12 April - Moody's Ratings has affirmed Slovenia's credit rating at A3 with a positive outlook. The Finance Ministry welcomed the news on Saturday by saying Slovenia's maintaining the confidence of credit rating agencies was very important against the current uncertainty.
Frankfurt, Germany
The logo of rating agency Moody's.
Photo: dpa/STA
According to the ministry, Moody's cited the open economy, higher personal incomes relative to comparative countries and the diversity of industry as reasons for maintaining the rating.
The rating also reflects Slovenia's sound institutional make-up, which includes adequate macroeconomic management with prudent budgetary policies and a long-term oriented debt management strategy.
The positive outlook reflects the increasing likelihood of a sustained improvement in Slovenia's fiscal position where the agency notes the proposed pension reform, which is geared towards the long-term sustainability of the pension system, the ministry summarised the agency's rationale.
Slovenia's credit rating could be upgraded in the near future if the country keeps reducing its debt successfully and adopts the proposed pension reform.