Moody’s Cuts Slovak Credit Rating on Fiscal, Political Risks

Slovakia’s sovereign credit score was cut one notch by Moody’s Ratings, which cited concerns over political tensions and worsening state debt among reasons for the downgrade.

The move brought the east European country’s long-term debt rating to A3, with a stable outlook, on par with fellow euro-area members Slovenia, Croatia and Portugal. Fitch Ratings downgraded Slovakia’s by one notch a year ago and last week affirmed it at A-.