Fitch Ratings confirms Czech Republic AA- rating

Published: 02.08.2019 Related countries:  Indonesia Indonesia

Fitch Ratings and European Rating Agency confirmed the Czech Republic’s AA- rating with a stable outlook

Fitch Rating confirmed the Czech Republic's AA- rating with a stable outlook for long-term liabilities in domestic and foreign currencies. The rating company also expects CR to maintain its sound fiscal and monetary policy. The same rating was confirmed by the European Rating Agency (ERA). The Ministry of Finance said that Fitch Ratings assumes an average GDP growth of about 2.5% for the next two years. Economic growth for 2019 around 2.5% is also predicted by ERA.