Standard & Poor’s confirmed high rating of the Czech Republic

Published: 24.07.2018 Related countries:  U.S.A. U.S.A.

In its latest edition of evaluation, one of the leading international rating agencies, Standard & Poor’s has confirmed a great rating of the Czech Republic. The Czech Republic was assigned with scores AA for Liabilities in domestic currency and AA- for liabilities in foreign currencies. The rating is one of the best within the European Union.

The agency has been positively assessing the declining outlook for public debt development, the strong institutional set-up and the rapid growth of the Czech economy. According to the agency, the growth is positively reflecting on public finances. Standard & Poor's expects the general government surpluses in 2018 and 2019, which is fully in line with the current macroeconomic forecast of the Ministry of Finance of the Czech Republic.

Published by the team of CzechTrade foreign office in Chicago.