S&P Upgrades San Marino's Ratings On Improved External And Net Debt Data, Metrics

S&P Global Ratings:

• S&P: SAN MARINO UPGRADED TO 'BBB+/A-2' ON IMPROVED EXTERNAL AND NET DEBT DATA AND METRICS; OUTLOOK STABLE

• S&P: SAN MARINO'S IMPLEMENTATION OF ASSOCIATION AGREEMENT WITH EU WILL ACT AS ADDITIONAL ANCHOR FOR GOVERNANCE STANDARDS & TRADE

• S&P: VIEW POSITIVELY SAN MARINO'S IMPLEMENTATION OF LABOR MARKET REFORMS, PENSION SYSTEM, PROGRESS ON RESTRUCTURING BANKING SECTOR