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Published on 2/16/2012 in the Prospect News Emerging Markets Daily.

Moody's cuts three Slovakia issuers

Moody's Investors Service said it downgraded to A2 from A1 the issuer ratings of Slovensky Plynarensky Priemysel, as and Zeleznice Slovenskej republiky, both are government-related issuers in Slovakia.

The agency also said it changed the issuers' outlook to negative.

Moody's also said it downgraded the national scale ratings to Aa1.sk from Aaa.sk on Zeleznice Slovenskej republiky and LPS SR, sp.

These actions follow the recent decision to downgrade the rating of the government of Slovakia to A2 from A1 and to assign a negative outlook.


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