UniCredit Bank Slovenija d.d.
Summary:
Slovenia's credit rating was reduced to ‘A-’ due to government support for state-owned banks.
Thu, 14/02/2013
Credit ratings agency Standard & Poor's reduced Slovenia's sovereign credit rating by one notch to A-minus from A. The downgrade reflects Slovenia’s higher than anticipated debt burden, due to its announced support for its state-owned banks. S&P also observed rising policy implementation risks because of the government trying to resolve economic and fiscal pressures.
The outlook on the nation’s long-term rating is stable.
Impact on investors: The credit rating of Slovenia lowered from A to A- minus.