Current Czech Republic credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive Czech Republic ability to honor its financial commitments.
The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of Czech Republic, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.
The table below shows the current Czech Republic credit ratings, according to the main rating agencies.
| Rating Agency | Rating | Outlook | Last Update | Action |
|---|---|---|---|---|
| Standard & Poor's | AA- | - | 24 Aug 2011 | rating upgrade |
| Moody's Investors Service | Aa3 | - | 27 Nov 2023 | outlook upgrade |
| Fitch Ratings | AA- | - | 23 Feb 2024 | outlook upgrade |
| DBRS | - | - |
Czech Republic: Long-term Rating Scales Comparison
Czech Republic long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with Czech Republic sovereign debt. These scales help investors understand the likelihood that Czech Republic will meet its financial obligations.
Symbol means a negative outlook.
| Grade | Description | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|---|
|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
| High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
|
AA
|
Aa2
|
AA
|
AA
|
||
|
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
| Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
|
A
|
A2
|
A
|
A
|
||
|
A-
|
A3
|
A-
|
A(low)
|
||
| Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
|
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
|
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
|
BB
|
Ba2
|
BB
|
BB
|
||
|
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
| Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
|
B
|
B2
|
B
|
B
|
||
|
B-
|
B3
|
B-
|
B(low)
|
||
| Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
|
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
| Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
|
C
|
C
|
C
|
C
|
||
| In Default |
RD
|
/
|
RD
|
RD
|
|
|
SD
|
/
|
SD
|
SD
|
||
|
D•NR
|
D•NR
|
D•NR
|
D•NR
|
||
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Czech Republic Credit Ratings historical data
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
| Date | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|
| 23 Feb 2024 | AA- | |||
| 27 Nov 2023 | Aa3 | |||
| 9 Aug 2022 | Aa3 | |||
| 7 May 2022 | AA- | |||
| 5 Oct 2019 | Aa3 | |||
| 3 Aug 2018 | AA- | |||
| 20 Apr 2018 | A1 | |||
| 1 Sep 2017 | A+ | |||
| 13 Dec 2011 | A+ | |||
| 24 Aug 2011 | AA- | |||
| 10 Aug 2010 | A | |||
| 4 Jun 2010 | A+ | |||
| 8 Dec 2008 | A1 | |||
| 4 Mar 2008 | A+ | |||
| 2 Oct 2007 | A | |||
| 30 Mar 2006 | A1 | |||
| 30 Nov 2005 | A- | |||
| 26 Aug 2005 | A | |||
| 20 Jun 2003 | A- | |||
| 12 Nov 2002 | A1 | |||
| 5 Nov 1998 | A- | |||
| 24 Nov 1997 | BBB+ | |||
| 6 Nov 1995 | A | |||
| 18 Sep 1995 | Baa1 | |||
| 10 Aug 1995 | A- | |||
| 2 May 1995 | Baa2 | |||
| 18 Jul 1994 | BBB+ | |||
| 25 May 1994 | Baa2 | |||
| 28 Jul 1993 | BBB | |||
| 10 Mar 1993 | Baa3 |
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