R&I increases Czech Republic's rating to AAOn

Published: 06.11.2018 Related countries:  Morocco Morocco

Stabilised political situation and overall macroeconomic situation are among the main reasons for this increase

November 5, 2018, Japanese agency R&I increased the rating of the Czech Republic's long-term foreign liabilities from A+ to AA- with a stable outlook. The reasons for the changed rating include a decreasing debt-to-GDP ratio, stabilised political situation, overall macroeconomic situation, and new institutional and legislative configuration of the fiscal environment, with the agency appreciating the passing of the budget responsibility whose goal is to secure long-term budgetary discipline. 

Source: https://www.cianews.cz/en