Upgrade of the credit rating of the Czech Republic - an "A" rating by all agencies
30.07.2018 / 12:40 | Aktualizováno: 12.10.2018 / 22:11
(This article expired 01.01.2019 / 01:00.)
On July 25, 2018, the Japan Credit Rating Agency JCR has upgraded the long-term credit rating of the Czech Republic to AA (local currency liabilities) and AA- (foreign currency liabilities), respectively. The outlook has been changed from positive to stable in both cases as a result of improved ratings.
On July 20, 2018, the stable outlook for the rating of the Czech Republic, which has consistently been among the five least indebted EU countries, was also confirmed by Standard & Poor's.
A better credit rating of the Czech Republic’s financial liabilities allows the Ministry of Finance to reduce the cost of servicing the government debt; this also applies to other Czech entities whose credit rating depends on the rating of the Czech Republic as a whole. Last year, for the first time since 2010, net expenditure for government debt servicing dropped below CZK 40 billion.
Current credit rating of the Czech Republic by individual agencies, as of end-July 2018
| Agency | Local Currency Long-term Issuer Rating | Outlook | Foreign Currency Long-term Issuer Rating | Outlook | Rated/ Confirmed |
| Moody's | A1 | Positive | A1 | Positive | April 20, 2018 |
| Standard & Poor's | AA | Stable | AA- | Stable | July 20, 2018 |
| Fitch Ratings | A+ | Positive | A+ | Positive | February 8, 2018 |
| JCR | AA | Stable | AA- | Stable | July 25, 2018 |
| R&I | AA- | Stable | A+ | Stable | July 2, 2017 |
| Scope Ratings | AA | Stable | AA | Stable | January 26, 2018 |
| Dagong Global | A+ | Stable | A+ | Stable | February 8, 2017 |
Source: Ministry of Finance of the Czech Republic, Dept. 10 - Office of the Minister