Earlier our headline noted that Slovakia’s outlook was upgraded to ‘Stable’ from ‘Negative.’ To clarify, Slovakia was downgraded to A/Stable from A+/Negative.
S&P’s ratings actions are finally out.
They downgraded 9 countries.
Germany and Slovakia saw their its ratings untouched. However, Germany’s outlook was raised to AAA/Stable from AAA/Negative. Slovakia was raised to A/Stable.