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Slovenia Business Week no. 42: D&B Upbeat About Slovenia's Euro Chances

Dun&Bradstreet maintains Slovenia's risk rating at DB2c in its latest monthly report

Dun&Bradstreet maintains Slovenia's risk rating at DB2c in its latest monthly report, the highest rating in Eastern Europe. The rating firm also says it is optimistic about Slovenia's prospects for meeting the criteria for the adoption of the euro by 2007.

D&B's October report for the country says that inflation remains the only euro criterion Slovenia has not met yet, although it points out the gap between Slovenia's CPI and the prescribed rate of inflation continues to narrow.

"The differential now stands at just 0.4pp. Going forward, we expect inflation in the euro-zone to remain fairly constant, while Slovenia's inflation rate is set to continue to fall," the report says.

According to the firm, even the recent worries surrounding global oil prices have failed to put a dent in Slovenia's efforts to bring down inflation, as favourable trends in other groups of goods and services help ease the pressure caused by rising fuel prices.

Source: Slovene Press Agency STA

Author: STA