Fitch lowers Slovenia

Fitch Ratings said it downgraded Slovenia's long-term issuer default ratings to A- from A.

The outlook is negative.

Fitch also downgraded Slovenia's short-term rating to F2 from F1 and affirmed the country ceiling at AAA.

The downgrade reflects a further deterioration in the condition of Slovenia's banking sector since last January, coupled with government delay in the implementation of a clear plan for its recapitalization, the agency said.

The sovereign's funding conditions also have deteriorated, S&P said, and could make it difficult for the government to finance fiscal and bank recapitalization requirements.

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