S&P upgrades Slovenia's rating from A- to A

Standard & Poor's has raised Slovenia's sovereign credit rating by one notch to A from A-minus which was awarded to Ljubljana in 2013 when that credit ratings agency had cited the likelihood of an increased debt burden due the then situation in state-owned banks.

Finance Minister Dusan Mramor was quoted by the Slovenian Radio on Saturday as welcoming the raised rating as great news.

Mramor is hopeful that other credit rating agencies will follow the example of S&P.

Improving credit rating will facilitate Slovenia's efforts to service its debt against a backdrop of the financial market anticipating higher interest rates over the Brexit referendum, Mramor said.

Last update: Sat, 18/06/2016 - 12:16

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