January 17, 2014 / 6:38 AM / 4 years ago

S&P affirms Slovenia ratings at 'A-/A-2', outlook stable

SYDNEY, Jan 17 (Reuters) - Credit ratings agency Standard & Poor’s has affirmed its long and short-term foreign and local currency sovereign credit ratings for Slovenia at ‘A-/A-2’ with a stable outlook.

S&P said the rating reflects Slovenia as an open and relatively wealthy economy with a declning net external liability position.

“These strengths are moderated, in our opinion, by its rising government debt burden, which is partly associated with government support for state-owned banks; its weak growth outlook, given fiscal coslidation, private-sector deleveraging, low investment levels and weak labor and property markets,” S&P said in a statement.

Reporting by Thuy Ong; Editing by Eric Meijer

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