S&P, one of the top three rating agencies, updated its results for Slovakia ![]()
S&P determined the position of the Slovak Republic as “A+” with a stable outlook.
What does that mean?
The agency is based on the financial reliability of a country’s market. In descending order of reliability: … A, BBB, BB, C… The + sign reinforces a positive outlook, the “-” sign a negative one.
Speculators believe Slovakia’s economy will move to recovery in 2021 despite the pandemic.
By the way, Russia is at the BBB- level in this rating. This is the lowest investment grade rating.
Ukraine, even before the pandemic, was assigned a “B” level. This level refers to speculative grade and indicates high economic vulnerability.
By the way, Bratislava ranked 121st in another ranking concerning cities. The Slovak capital was ahead of Singapore (125), New York (144), Brussels (126), Barcelona (149), London (161), Kiev (204) and Moscow (208).
The ranking took into account environmental factors, safety, price level, health care, transportation infrastructure, political stability, and climate ![]()
The high level of security, affordable prices for goods and services, quality of medical care and favorable climate were particularly highlighted with regard to Bratislava.
Of course, the top three (Australia’s Adelaide, Canberra and New Zealand’s Wellington) still have work to do. But still ![]()
P.S. The photo shows a New Year’s Eve stop in Bratislava





