S&P revises Slovakia’s ZSE to positive

Standard & Poor's said it revised its outlook on Zapadoslovenska energetika AS (ZSE) to positive from stable.

At the same time, the agency affirmed ZSE’s BBB+ long-term corporate credit rating.

S&P said the outlook revision follows the similar rating action it took on Slovakia on Aug. 1. The outlook revision on the sovereign was based on the agency’s view that the Slovak government's consolidation efforts will likely be boosted by broader economic growth, which will reduce its reliance on one-off measures.

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