Wednesday, October 3, 2007

Standard & Poors has improved rating for Czech Republic.

Rating which is taking into consideration mainly foreign-exchange liabilities and ability to acquittance was improved from grade A- to A. Also rating about domestic liabilities went up from grade A to A+. Undoubtedly positive news are reflecting reform of public finance which will help deficit reduction.
On the other side for better rating S&P agency is missing better outlook or even plan for EURO adoption. creditworthiness of Czech Republic is now at the same level like Slovakia, Lithuania, Estonia. Other CEE countries Hungary and Poland are with lower rating.In former times also currency (Czech Koruna) appreciation led for rating increase.


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