Slovenia with the highest credit rating in Central and Eastern Europe

The Standard & Poor’s agency raised Slovenia’s credit rating on Friday with AA and attributed it to stable prospects. Among the European countries, Ireland, Belgium and the United Kingdom also have an estimate at the S&P Agency. At the same time, with this assessment, Slovenia has become a country with the highest credit rating in the Central and Eastern European countries.

As the Ministry of Finance announced today on its websites, an increase in credit rating indicates a strong and resiliently open economy, prudent public finance management and satisfactory external reserves.

“Despite several consecutive shock over the years (Covida-19 pandemic, energy shock and flooding in 2023), the government has managed to quickly consolidate public finances with a fiscal deficit below one percent in 2024. The public debt continues rapidly. Flexibility in the financing of the state budget enables higher liquidity reserves, on the one hand, and on the other hand, access to a wide range of various international financial markets, « they wrote.

Slovenia’s well -being also contributes to membership in the euro area, the manageable level of net public debt and effective institutional regulation, they said.

According to them, the agency also emphasizes the clear progress of the country in economic growth. The real gross domestic product today is a third higher than ten years ago, while real productivity in manufacturing has increased by almost 70 percent since 2005.

« In the last three years, public finances have been further strengthened due to a strong economic recovery that goes beyond the recovery of most comparable countries both at regional and global, » they wrote.

According to the ministry, the expectation of the agency shows that the resistance of the Slovenian economy and public finances will continue in the next two years.