Czech Republic: Early Vote No Danger for Sovereign Debt Rating

Politics ♦ Published: August 25, 2013; 21:28 ♦ (Vindobona)

The current instable political situation is no significant risk factor for the Czech rating yet, the U.S. rating agency Fitch says.

Czech Republic: Early Vote No Danger for Sovereign Debt Rating / Picture: © Vindobona.org

At the end of October, the Czech Republic faces new federal elections. Czech President Milos Zeman will sign the parliamentary dissolution on August 28. The instable situation has nodirect impact on the Czech sovereign debt rating yet, Fitch Ratings says. At the moment, the Czech Republic´s rating is a “A+”. The rating outlook is “stable”. Fitch explains that the current…