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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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ERA affirms BB rating to Turkey, outlook Stable
Friday, 12 July 2019

The unsolicited credit rating assigned to Turkey stems from sizable imbalances in the external and corporate sector, economic instability, high inflation, and a below average score in governance indicators, which are also demonstrated by concerns about the independence of the central bank. The assessment is positively affected by relatively low government debt levels.

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