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Moody´s Downgrades Slovenia
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Today, the U.S. rating agency has downgraded the Western Balkan country by three notches to „Baa2“ from „A2“.
Moody´s Downgrades Slovenia / Picture: © Vindobona.org
For Slovenia, the vicious circle goes on. After a property bubble, the banking sector of the country has a substantial amount of bad loans. Now, the public finance is affected too. As a result, Slovenia´s rating is just two notches above „junk status“.
Moody´s justified its decision with the financially stricken banking industry and the vulnerability of external shocks.…
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