Ljubljana – Creditreform Rating, an European credit rating agency, has affirmed Slovenia’s AA- credit rating with a stable outlook. It says that Slovenia has a strong economic environment, a flexible labour market while its private sector’s indebtedness is low, which should contribute to the country’s post-Covid recovery.
The Finance Ministry said in a press release that the latest rating was yet another confirmation that Slovenia was one of the “stable and trustworthy countries”.
Creditreform Rating says that as a small and open economy, Slovenia seems to be generally sensitive to the dynamics of international trade.
However, it makes for a strong macroeconomic profile with a competitive and dispersed economy and a relatively high level of prosperity.
The country’s resilience is further enhanced by a relatively flexible labour market and a low level of debt of the private sector and households.
Its medium-term challenge is, however, a drop in active population due to ageing, which could, if left unaddressed, affect economic growth.
Since the start of the pandemic last spring, two of the world’s leading credit rating agencies have confirmed Slovenia’s credit ratings – S&P at AA- (stable outlook) and Fitch at A (stable outlook).
Moody’s upgraded Slovenia’s long-term issuer and senior unsecured bond ratings by one notch from Baa1 to A3 (stable outlook) in October, while a week ago, DBRS Morningstar affirmed its rating at A (stable outlook).