The ratings agency Fitch has confirmed its A+ rating for the Czech Republic, with a positive outlook in view of the economic situation in the country. This is a sign that an improved rating (AA- is the next step up) could be on the way. It praised the country’s strong external creditor position, government finances and the stability of its banking system. “A second consecutive general government surplus was recorded in 2017, estimated at 1.1 percent of GDP,” wrote the agency. It also noted that the government debt to GDP had fallen to 35.1 percent thanks to its fiscal surplus and that this was 10 percentage points lower than at its peak in 2013.
