Fitch changes Slovenia view to stable

Fitch Ratings said it revised the outlook on Slovenia's long-term foreign and local currency issuer default ratings to stable from negative and affirmed the ratings at BBB+.

The issue ratings on Slovenia's senior unsecured foreign and local currency bonds were also affirmed at BBB+. The country ceiling was affirmed at AA+ and the short-term foreign currency issuer default rating at F2.

In Fitch's view, the government's policy actions in late 2013 and early 2014 have materially reduced risks surrounding the banking sector, and thus the sovereign balance sheet. As a result of an injection of €3.2 billion from the state budget to date, the banking sector's tier-1 capital adequacy ratio rose to 13.6% in January from 10.2% at end-2012.

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