Fitch affirms Slovenia rating

Ljubljana – Rating agency Fitch has affirmed Slovenia’s credit rating at A with a stable outlook, the Finance Ministry said on Saturday, adding that this showed the agency acknowledged Slovenia’s strong institutional structure, focus on human development and a credible policy framework supported by EU membership.

According to the ministry, the stable outlook reflects the resilience of the Slovenian economy to pandemic risks and efficiency of policies that are compliant with the mid-term sustainability of public finances.

Based on macroeconomic indicators, the agency expects economic growth to reach 5.6% this year. Favourable macroeconomic situation is also expected to have a positive effect on labour market with the agency expecting unemployment that is already low to start dropping in 2022.

Last week, Slovenia’s credit ratings were also affirmed by agencies S&P Global and DBRS Morningstar.

The ministry stressed the latest affirmation proved Slovenia remained a stable and trustworthy country that had been tackling the Covid-19 epidemic successfully.

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