Fitch Ratings on Friday cut Slovenia's long-term foreign currency rating to BBB-plus from A-minus and warned more cuts could be on the way as worries remain over whether the country's shaky banking sector could help prompt a bailout request.
The outlook remains negative, Fitch said in a statement. "There remains a significant divergence between official and Fitch estimates of bank recapitalization costs," the statement noted.
Speculation has risen over whether Slovenia could be the next euro zone nation to need a bailout.