Moody's downgrades Slovenia to Ba1, outlook negative

FXstreet.com (Córdoba) - Moody's Investors Service decided on Tuesday to downgrade Slovenia's government bond rating to Ba1 from Baa2. The outlook remains negative.

The decision to downgrade Slovenia's sovereign rating was driven by 3 key factors, according to Moody's, which are: the state of Slovenia's banking sector, the marked deterioration of Slovenia's government balance sheet and uncertain funding prospects that heighten the probability that external assistance will be needed.