Fitch: Slovenia outlook negative

Fitch Ratings said it has affirmed Slovenia's long-term foreign and local currency issuer default ratings at BBB+.

The issue ratings on Slovenia's senior unsecured foreign and local currency bonds have also been affirmed at BBB+, the agency said.

The outlooks on the long-term issuer default ratings are negative.

The country ceiling has been affirmed at AA+ and the short-term foreign currency issuer default rating at F2, Fitch noted.

The negative outlook on Slovenia's foreign and local currency issuer default ratings reflects the uncertain cost and timing of banking sector clean-up as well as continuing recession.

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