Czech Republic has reached this rating in the 2018 already and has maintained it ever since. The rating is an important indicator for the investors who can evaluate risk of a default. Based on that, the investors create loan conditions including the interest rate, which is going to be lower with the higher ratings. Fitch Ratings expects a stable economic growth despite more expansive fiscal policy in the short term. With the growing support of vaccination programme and control over the pandemic situation the government debt ratio is projected to get to a downward trajectory in the medium term. Czech Republic alongside with Belgium, United Kingdom or Estonia shows the same level of debt reliability and belongs to a group of countries with the lowest debt to GDP ratio in the EU.
Source: ČTK, fitchratings.com