Czech Republic Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Aa3 Stable | AA- Stable | AA- Stable | AA Stable | AA- Stable |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Apr 25, 2025 | DBRS | NR | AA | Stable | ||
| Feb 23, 2024 | Fitch | AA- | Stable | AA- | Stable | |
| Nov 24, 2023 | Moody's | Aa3 | Stable | Aa3 | Stable | |
| May 26, 2023 | Scope Ratings | AA | Negative | AA- | Stable | |
| Jul 08, 2022 | Scope Ratings | AA | Stable | AA | Negative | |
| Oct 04, 2019 | Moody's | A1 | Positive | Aa3 | Stable | |
| Aug 03, 2018 | Fitch | A+ | Positive | AA- | Stable | |
| Apr 20, 2018 | Moody's | A1 | Stable | A1 | Positive | |
| Sep 01, 2017 | Fitch | A+ | Stable | A+ | Positive | |
| Jul 28, 2017 | Scope Ratings | NR | AA | Stable | ||
| Dec 13, 2011 | Fitch | A+ | Positive | A+ | Stable | |
| Nov 21, 2011 | Fitch | A+ | Positive | A+ | Positive | |
| Aug 24, 2011 | S&P | A | Positive | AA- | Stable | |
| Aug 10, 2010 | S&P | A | Stable | A | Positive | |
| Jun 04, 2010 | Fitch | A+ | Stable | A+ | Positive | |
| Dec 08, 2008 | Moody's | A1 | Positive | A1 | Stable | |
| Mar 04, 2008 | Fitch | A | Stable | A+ | Stable | |
| Oct 02, 2007 | S&P | A- | Positive | A | Stable | |
| Mar 30, 2006 | Moody's | A1 | Stable | A1 | Positive | |
| Nov 30, 2005 | S&P | A- | Stable | A- | Positive |
Table Key
| Grade | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-investment Grade Speculative | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
In Default with Little Prospect for Recovery | CD | RD | RD | ||
In Default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Not Rated | NR | NR | NR | NR | NR |
FAQ
What is Czech Republic’s current credit rating?
Czech Republic’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Czech Republic’s credit risk.
Has Czech Republic’s credit rating changed recently?
This page lists the latest rating and outlook actions for Czech Republic, showing when each agency last reviewed or changed its assessment.
Why does Czech Republic’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Czech Republic's bond yields, currency, and equity flows as investors reassess risk.
How does Czech Republic’s rating compare to other countries?
You can explore how Czech Republic ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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