Fitch Downgrades Govt-Guaranteed Bonds of Banks

03. 02. 2012

Fitch Downgrades Govt-Guaranteed Bonds of Banks


The ratings agency Fitch lowered credit ratings of five euro countries, among them Slovenia.

 

 

Slovenia's long-term issuer default rating (IDR) was downgraded by two notches to A from AA- with negative outlook, and its short-term IDR was downgraded by one notch to F1 from F1+.

 

 

Fitch said the downgrade reflected the "potential financing and monetary shocks" that the eurozone members face in light of the increasing divergence in economic, monetary and credit conditions and prospects.

 

SOURCE: The Slovenia Times

 

Eurozone