Slovenia sticks to bond sale despite ‘junk’ status

The Slovenian finance ministry on 1 May 2013 said it will resume a bond sale that was halted just hours before Moody's downgraded the country to junk.

"After Moody's downgrade of Slovenia, the issue of the US dollar bond is not dropped and will continue. Due to the US regulations related to the bond issues, we cannot provide further details," said a statement from the finance ministry.

Moody's said the main reason for its decision was the "ongoing turmoil in the country's banking system" and the "high likelihood" that the government will have to step in again and recapitalise banks.

ESO: Background information: Slovenia rules out bailout http://www.europeansources.info/record/slovenia-rules-out-bailout/

Deutsche Welle, 02.05.13: Alenka Bratusek: 'We can solve our own problems' http://www.dw.de/alenka-bratusek-we-can-solve-our-own-problems/a-16784938

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