ARTICLE · 07 SEPTEMBER 1998
Slovak News - May 1998 - Miscellaneous
SlovakiaAccounting and Audit
Rating of the Slovak Republic
Standard & Poor's, the rating agency, announced a revision of the rating outlook for Slovakia from stable to negative. Contrary to Moody's, it did not decide to downgrade Slovakia's rating to the speculative level as it confirmed its current rating at BBB-. IBCA does not plan on lowering Slovakia's rating at present.
International Finance Corporation
The International Finance Corporation (IFC), a member of the World Bank Group opened its permanent representation in Bratislava.
IFC focuses on the support of private enterprises through long-term loans, equity investments, and exchange and interest rate hedging.
The information in this newsletter is correct to the best of our knowledge and belief at the time of going to press. Specific advice should be sought, however, before investment and other decisions are made.
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