S&P Becomes Third Major Agency to Downgrade Slovakia's Credit Rating

Standard & Poor's has downgraded Slovakia's credit rating, making it the final member of the three major credit rating agencies to reduce the country's assessment. The agency had previously highlighted fiscal risks facing the nation, with concerns now materializing over the spending policies of Prime Minister Robert Fico's government. Slovakia's credit rating has now been reduced by all three major international rating agencies - S&P, Moody's, and Fitch - reflecting growing international concern about the country's fiscal management and economic trajectory under the current administration.