Moody’s confirms Aa3 credit rating for CR

Published: 26.02.2020 Related countries:  Czech Republic Czech Republic

Long term obligation rating of the Czech Republic remains in the fourth highest category.

Moody’s Investors Service has confirmed the Czech Republic’s credit profile at Aa3 with a stable outlook. The rating agency said that its key evaluation factors included cautious fiscal policy, robust growth dynamic and low and ever-decreasing indebtedness of the government sector. Since 2018, fiscal surpluses have decreased, while low deficits will probably continue. The agency also forecasts slower growth of real GDP in 2020 and 2021 at approx. 2%.

 

Source: ČIA NEWS, February 26th, 2020
Compiled by the team of CzechTrade office in Riga.