All three major agencies affirmed Slovakia's sovereign rating
Moody's affirmed Slovakia's A2 rating on Friday and the rating’s outlook remained negative. Thus, within two months, all three major agencies affirmed Slovakia's sovereign rating, despite the slow pace of public finance consolidation. The government has pledged to start reducing the deficit by 1% of GDP per year from 2025, but all three agencies expect a slower pace. Neighboring countries’ ratings:
S&P | Moody’s | Fitch | |
Austria | AA+ | Aa1 | AA+ |
Czechia | AA- | Aa3 | AA- |
Hungary | BBB- | Baa2 | BBB |
Poland | A- | A2 | A+ |
Slovakia | A+ | A2 | A- |
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