Moody’s upgrades Slovenia to Baa1

Moody's Investors Service said it upgraded Slovenia's long-term issuer and senior unsecured bond ratings to Baa1 from Baa3 and revised the outlook to stable from positive.

Moody's said the upgrade reflects the following key drivers: (a) The government's favorable debt trend, driven by fiscal consolidation and robust economic growth, which Moody's expects to be sustained; and (b) progress with respect to some important structural reforms, namely with regard to the banking sector, judiciary, and the administrative apparatus of the state.

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