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Rating

 


I. STATEMENT ON RATING

 

Slovak rating agency granted following rating to City Piešťany

Long-term local currency rating   BB (positive outlook)
Long-term foreign currency rating   BB- (stable outlook)
Short-term rating   S3

The granted long-term rating in the category of transactions in Slovak crowns BB (positive outlook). In the category of transactions in foreign currencies rating BB- (stable outlook) has been granted to the City Piešťany. Short-term rating of City Piešťany is S3, which is the best possible short-term rating for the entities attaining long-term rating BB.

Rationale: