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Moody's upgrades SVP
Moody's Investors Service said it upgraded the long-term national scale issuer rating of Slovakia-based Slovensky vodohospodarsky podnik, s.p. (SVP) to Aaa.sk from Aa1.sk.
The outlook is stable.
The upgrade follows Moody's upgrade of the Government of Slovakia's local-currency rating to A1 from A2 and concludes the review for possible upgrade begun on Aug. 25.
The rating reflects SVP's underlying credit quality, the implied creditworthiness of the Government of Slovakia and the company's expected high support from and high dependence on the government, the agency said.
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