Slovak Rating Outlook Raised to Positive by S&P on GDP

Slovakia’s credit rating outlook was raised to positive from stable by Standard & Poor’s, which said accelerating economic growth will help the eastern European euro-region member to trim debt.

The change indicates a “one-in-three” chance of a rating upgrade within two years if the country’s fiscal and economic performance outperforms expectations, S&P said today in a statement from London. The ratings company kept Slovakia’s assessment at A, its sixth-highest grade and above fellow euro-area members Ireland and Italy.