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ACRA Europe affirms unsolicited credit ratings of A+ to Slovakia, outlook Stable
Friday, 04 October 2019

The Slovak Republic (hereinafter, Slovakia, or the country) has been assigned the following ratings:

  • Long-term foreign currency credit rating at A+ and local currency credit rating at A+;
  • Short-term foreign currency credit rating at S1 and local currency credit rating at S1.

The outlook on the long-term foreign currency credit rating is Stable and local currency credit rating is Stable.

The Stable outlook assumes that the rating will most likely stay unchanged within the 12 to 18-month horizon.

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End of consultation period for material changes for Sovereign rating methodology
Friday, 04 October 2019
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ACRA Europe has ended the consultation period for the Sovereign rating methodology without any comments and the Methodology was not changed during the consultation period. The material changes in the methodology are incorporated in its final text. ACRA Europe starts using the methodology immediately.

Due to the Methodology change ACRA Europe puts following ratings under a credit watch:

  • Austria,
  • Azerbaijan,
  • Czech Republic,
  • Germany,          
  • Hungary
  • Slovakia,
  • Switzerland,
  • Turkey.

The ratings will be reviewed as soon as possible and no later than three months.

 
ERA affirms AA- rating to the Czech Republic, outlook Stable
Friday, 26 July 2019

The unsolicited credit rating assigned to the Czech Republic stems from fiscal surpluses, low debt, and high foreign exchange coverage ratios. Governance indicators, which are significantly above average on the world scale, also support the final assessment. However, their score lags behind the leading advanced economies and therefore constrains the final rating.

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