Standard & Poor's Ratings Services on 6 November 2012 published a warning of a possible negative change in the credit rating of the Republic of Slovenia. As a direct consequence of this, Standard & Poor’s on 7 November 2012 also published a warning of a possible negative change in the credit rating of the Triglav Group. The long-term rating of the Triglav Group which is currently "A-" and which also applies to Zavarovalnica Triglav d.d. and its subsidiary, Pozavarovalnica Triglav Re d.d., may be downgraded according to a warning published by Standard & Poor's. S&P estimates that due to financial difficulties, extraordinary financial assistance to the Republic of Slovenia is highly likely. The possible long-term rating decrease of the Triglav Group will depend on the extent of any downgrading of the long-term credit rating of the Republic of Slovenia.