Forex Flash: Moody’s and S&P clash over Slovenian downgrade – Deutsche Bank

FXstreet.com (Barcelona) - In terms of the bourgeoning situation in Eastern Europe, S&P doesn't seem to agree with Moody's call in downgrading Slovenia to sub-investment grade. Indeed, S&P yesterday affirmed Slovenia's A- rating with a Stable outlook and said it does not expect Slovenia to use the ESM to meet funding needs. Investors will see if this will restart the bond sale process for Slovenia.” notes Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank.