• The democracy of the Czech Republic is stable and well rooted and has led to the Czech Republic joining the European Union in 2004.
• The Czech Republic has demonstrated uninterrupted economic growth since 2002 and trends of continued growth and economic stability.
• Since 2002, the Czech Republic has registered a trend of decline in the government budgetary deficit.
• The Banking system of the Czech Republic is stable and well developed and the privatization process of the Czech banks has been successfully concluded in 2003.
• The Czech Republic has relatively low financing costs and its annual refunding obligations are relatively low as well.

The credit rating of the Czech Republic is determined by various different credit rating companies, each of which use their own rating scales.

The current credit rating of the Czech Republic

As of 2015, the Czech Republic was amongst the leading five nations in the world in regards to its position on credit rating scales. All of the top rating companies granted it a high rank in their rating scales, in spite of the differences between the rating scales of each company: 

• In 2015 the Moody’s company rated the Czech Republic as 1A (fourth rank in the credit rating scale), which meant that insofar as they were concerned, the Czech Republic is a high stature state which posed low risks for investors. 
• In February 2015 the credit rating company Standard and Poor’s rated the Czech Republic as A+ (the fifth rank in their credit rating scale) which meant that insofar as they were concerned, the Czech Republic was a high quality state in the economic sphere. 
• In 2012 the Fitch company rated the Czech Republic as A + (the fifth rank in their credit rating scale) which means that, insofar as they are concerned, the Czech Republic was a state which was only moderately affected by changes in the global economic climate. 
• The Czech Republic was, according to the Credit rating Company Standard and Poor’s, second only to Estonia amongst the East European states in its ratings. Furthermore, the Czech Republic held credit scale raankings equal to those of developed countries in the world with a strong economy such as Japan.

Past Credit ratings of the Czech Republic

The credit rating of the Czech Republic has remained unchanged in recent years in all credit rating companies, which is indicative of economic stability. In fact, the credit rating of the Czech Republic has remained unchanged since 2011 according to the most rigorous Credit rating company (Standard and Poor’s) or since 2002 according to less rigorous credit rating companies:

• The credit rating company Moody’s has defined the Czech Economy as stable since 2002 and has rated it at A+ since that time. 
• The Fitch credit rating company also views the economic prospects of the Czech Republic as stable and it has rated it as A + since 2008 
• The Credit rating Company Standard and Poor’s has rated the Czech Republic as AA- consistently since 2011. 

The Credit rating of the Czech Republic has been characterized by a stable upwards trend since 1992 (in which Czechoslovakia split into the nations of Slovakia and the Czech Republic), according to two different credit rating companies:

• Moody’s credit rating company has raised the Czech Republic’s credit rating since 2003 from A- to A and then A+.
• The Fitch credit rating company has gradually the Czech Republic’s credit rating since 1997 from B++ to A-, A and then A+.

The fact that the Czech Republic has received high and stable credit ratings makes it an extremely attractive country to invest in, and large companies such as Amazon have already transferred their offices to Prague- so can you! Contact us now for additional details.