Fitch rates Slovak Republic eurobond A

Fitch Ratings said it assigned the Slovak Republic's forthcoming €1 billion eurobond with fixed annual coupon of 4.375% and maturity in May 2017 an A rating.

The rating is in line with Slovakia's foreign currency issuer default rating, on which the outlook is stable, the agency added.

According to Fitch, Slovakia's recent macroeconomic performance has been impressive and ratings are underpinned by real and nominal convergence with the euro area.

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