On Friday, 21 August 2020, credit rating agency DBRS Morningstar confirmed Slovenia’s credit rating at A (high) with a stable trend. This is once again proof that the measures implemented by the Government during the COVID-19 epidemic were appropriate and that external observers continue to see Slovenia as trust-worthy despite the difficult situation created by the epidemic.
Regardless of the economic and health crisis caused by the COVID-19 epidemic, the agency attributes the credit rating confirmation to the country’s credible macroeconomic policy framework.
Among other things, the agency commended Slovenia’s early and effective response to the outbreak, placing it among countries with a relatively low number of infections compared to certain bigger European countries. It also recognises that, in the past, Slovenia was among the fastest euro area countries to reduce government deficits and debt.
The agency expects economic momentum to recover in the second half of this year. Slovenia’s credit strengths stem from its wealthy and high value-added economy, its effective debt management and judicious fiscal framework, and its and membership of European institutions.
Since the outbreak of the COVID-19 epidemic, Slovenia’s credit rating has been confirmed by the three largest global credit rating agencies, i.e. S&P, Moody’s and Fitch Ratings, DBRS Morningstar now becoming the fourth agency to do so.