Fitch affirms CR’s A+ rating with stable outlook

Published: 14.02.2018 Related countries:  United Arab Emirates United Arab Emirates

The Czech Republic has good outlook. The rating could be better in the next years.

Fitch Ratings has affirmed Czech Republic's Long-Term Foreign-Currency Issuer Default Rating (IDR) at A+ with a positive outlook. The Czech Republic's A+ ratings reflects a strong external creditor position and government finances, and a solid banking system. According to Fitch’s estimation, CR’s GDP grew 4.3% in 2017. Growth is forecast to slow to 3.5% in 2018 and 2.9% in 2019. Continued reduction in the government debt to GDP ratio supported by tight budget balances could result in further rating improvement.