Fitch Upgrades Czech Republic to 'AA-'

Published: 28.08.2018 Related countries:  United Arab Emirates United Arab Emirates

The Czech Republic is stable and interesting for foreign investors.

Fitch Ratings has upgraded Czech Republic's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'AA-'from 'A+'. The Outlook is stable. The increased rating reflects e.g. the result of the fiscal policy, generating surpluses in the government institutions sector, expected to continue in coming years. The drop in overall government debt and higher tax collection
also had a positive effect on the rating.