Fitch confirmed AA- rating with negative outlook for CR

(CIANEWS) - The rating agency Fitch Ratings confirmed the main credit rating of the Czech Republic at AA minus, but the outlook remains negative. According to the agency, the outlook reflects a significant deterioration in public finance indicators. Public debt is expected to increase to 44.7 % of GDP this year, from 44.2 % last year. However, the deficit is expected to fall from 3.8 % of GDP this year to 2.1 % in 2024 and 1.8 % the following year.



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