http://www.spiegel.de/international/europe/ratings-downgrade-turns-slovenia-into-europe-s-latest-problem-child-a-848068.html
Slovenia was hit with a 3 level downgrade by USA rating agency Moody's...from A2 to Baa2.
It is now only 2 notches above 'junk'...with a 'negative' outlook.
Moody's blamed growing budget deficits and sluggish reforms.
It is likely that export dependent Ljubljana will seek a bailout from the EU.
Popular Posts
- POLAND: Warsaw Lauds LOT Pilot Wrona For Safe Crash Landing.
- HONDURAS : 4 Nov. UPDATE: 176 Police Arrested For Corruption; Lobo Sacks His Top Cops...Sends Troops Into Sula, Tegucigalpa.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- ITALY / EUROZONE : New Greek Crisis Delays Berlusconi's Love Songs CD Release.
- USA : 07 May UPDATE: Famous Fat Cat Meow...Dies On Diet.
- PERU: Chaos Reigns In Lima's Streets With Unregulated Taxis And Ancient Buses.
- SERBIA / KOSOVO / EU : President Nikolic Talks Tough About Pristina.
- CHILE / CANADA : Court Suspends Barrick Gold Pascua Lama Mine Production.
- COLOMBIA: Corrupt Police Aided Bogota's Fake Torture Brothel.
- MEXICO : Zetas Founder/ Leader "Lucky" Hernandez Lechuga Captured In Veracruz.