Improved rating for Slovenia

UniCredit Bank Slovenija d.d.
Mon, 03/08/2015

Based on sound GDP growth, S & P revised its rating outlook of the Republic of Slovenia on from stable to positive and affirmed its rating at A-/A-2.           
                                                                                                                                                                                                                                                                                             
The main drivers behind the positive change in the outlook are the revised 2015-2018 average annual real GDP growth from 1.5 to over 2% and Slovenia's strong external performance.  

The assigned positive outlook reflects at least a one-in-three probability of an upgrade over the next 24 months if the economic recovery broadens, and, combined with structural reforms, results in improved fiscal and debt metrics. However, S&P could revise the outlook back to stable if economic growth is lower than anticipated, damaging the policy cohesiveness of the government coalition, or if fiscal outcomes are markedly worse than S&P current expectations.

Currently, the S&P's rating on Slovenia is three notches higher than Moody’s and one notch higher than Fitch Ratings’.

 

Contact:
Vanda Močnik Kohek
Senior Relationship Manager
Global Securities Services Slovenia
vanda.mocnik@unicreditgroup.si