Slovakia is a generally recognised market
economy whose ability and willingness to pay
its liabilities puts it, according to prestigious
rating agencies, on a level suitable for investment.
According to ratings from the Standard
& Poor's rating agency, Slovakia has become
a regional leader.
The improved ratings have been caused primarily
by intensive economic growth, thanks
to which Slovak living standards are now
moving closer to those of Western Europe.
As a result of fi scal reform, Slovakia has been
able to lower its public debt and thus avoid
burdening future generations.
The change gives Slovakia the highest rating
of all states in the Visegrad Four regional
grouping, which besides Slovakia includes
Poland, Hungary, and the Czech Republic.
"The upgrade refl ects Slovakia's rapid progress
in public sector reform, its strong
growth prospects and the prospect of entry
into the Eurozone by 2009," said Standard &
Poor's credit analysts.
Source: SARIO
