According to rating agencies Czech Republic is currently on 11th place within the European Union. It is the best evaluation out of all post-communist countries. Denmark and Germany have received the best scores, on the contrary, Greece and Croatia have received the worst evaluation.
In case of Czech Republic, agencies have generally appreciated the low government debt level, strong institutional architecture and fast economic growth. Foreign and local currency rating of the long-term liabilities seems to have remained at an AA or even higher level.
Written by the team of CzechTrade office in Calgary, Canada