Cleaning ‘Toxic’ Assets Slovenia’s Primary Concern, Moody’s Says
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Quickly cleaning up Slovenian banks and transferring “toxic” assets to a new institution designed to deal with them should be the government’s main goal, Moody’s Investors Service said.
Slovenia, the euro-area’s fourth-smallest economy, is trying to avoid becoming the currency-region’s sixth member to seek a bailout after international lenders agreed to help Cyprus. The Cabinet is offering 500 million euros ($657 million) in 18-month Treasury bills today as it tries to raise confidence that it can recapitalize banks without seeking outside aid.