03 August 2012

SLOVENIA : Moody's Downgrades Ljubljana Debt...To Just Above 'Junk.'


    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.