Standard & Poor’s affirms AA- rating for Czech Republic

25-08-2012

Standard & Poor’s on Friday affirmed the AA- sovereign rating assigned to the Czech Republic. The agency said the country’s financial, monetary, and economic institutions remained robust and stable, enabling the economy to adjust quickly to adverse shocks. It warned however that the country’s favourable credit rating could come under downward pressure should the state of public finances worsen or should the country reverse the fiscal policies pursued by the current government.