DBRS also released a disclosure report. Slovenia’s favourable situation is generally attributable to its well-developed economy, effective debt management, a prudent fiscal framework and its membership of European institutions. The agency finds that Slovenia’s credible macroeconomic policy framework is allowing it to manage the impact of the energy crisis.

The agency estimates that Slovenia’s general government deficit will fall to 3% of GDP or below this margin by 2024. Despite the fact that public debt increased slightly during the covid-19 pandemic, DBRS nevertheless observes prudent debt management and estimates that by 2024 it will have fallen to 70% of GDP.

S&P did not publish any detailed arguments for its confirmation of the rating and the outlook yesterday. It will do so next week.

Given that in recent months rating agencies have downgraded certain European countries, for example Austria, Italy, France, Slovakia, Lithuania, Latvia, and Estonia, the confirmation of the outlook and ratings for Slovenia is proof that it is a solid and trustworthy country.