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S&P revises outlook on Slovenia's SID Bank

S&P Global Ratings on Dec. 20 revised its outlook on SID - Slovenska izvozna in razvojna banka d.d. to positive from stable, following a similar action on Slovenia.

The agency said its view of an "almost certain likelihood" of sovereign support to the bank in the event of financial distress remains unchanged, based on the lender's critical role in implementing the government's economic policies and its integral link with the government, which has full ownership of the bank.

At the same time, S&P affirmed the bank's A/A-1 long- and short-term issuer credit ratings.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.