Credit rating withdrawal rationale

ACRA has withdrawn the following ratings of the Slovak Republic under the international scale without their concurrent affirmation:

  • Long-term foreign currency credit rating at A and local currency credit rating at A.

  • Short-term foreign currency credit rating at S1 and local currency credit rating at S1.

The outlooks on the long-term foreign currency credit rating and the local currency credit rating are Stable.

The credit ratings are unsolicited. ACRA has withdrawn the credit ratings due to non-analytical reasons.

regulatory disclosure

The sovereign credit ratings have been assigned to the Slovak Republic under the international scale based on the Methodology for Credit Rating Assignment to Sovereign Entities under the International Scale and the Key Concepts Used by the Analytical Credit Rating Agency Within the Scope of Its Rating Activities.

The sovereign credit ratings of the Slovak Republic were published by ACRA for the first time on October 25, 2019. The credit ratings of the Slovak Republic will not be revised and published on the dates indicated in the Calendar of planned sovereign credit rating revisions and publications because of their withdrawal due to non-analytical reasons. Planned revision date is 25.07.2022, planned publication date is 28.07.2022. Withdrawal date is 25.07.2022. Withdrawal publication date is 26.07.2022.

The sovereign credit ratings are based on information from publicly available sources and ACRA’s own databases. The sovereign credit ratings are unsolicited. The Government of the Slovak Republic did not participate in the sovereign credit rating assignment.

In assigning the sovereign credit ratings, ACRA used only information, the quality and reliability of which was, in ACRA’s opinion, appropriate and sufficient to apply the methodologies.

ACRA provided no additional services to the Government of the Slovak Republic. No conflicts of interest were discovered in the course of the sovereign credit rating assignment.

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