S&P, one of the three leading credit rating agencies in the world, retained the assessment of Slovenia’s long-term debt in the A-rating and the assessment for short-term debt at A-2.

The main reason for the deterioration of the outlook from stable to negative are the political risks associated with early elections. The agency estimated that in Slovenia, the risk for implementation of the set of measures of economic and public finance policy again increased. Deterioration of Slovenia’s prospects means that the probability of downgrading in the next two years is more than one third.

S & P recognizes that the Slovenian economy lately fared better than their predictions. In January, the agency this year predicted a one per cent drop in gross domestic product (GDP) in Slovenia. Next year, Slovenia’s economy is expected to strengthen by 0.9 percent. The growth is then expected to accelerate to 2.1 per cent in 2016.

TM, RSi