Fitch Lowers Czech Credit-Rating Outlook to Stable on GDP Growth Outlook

Fitch Ratings said it revised its outlook on the Czech Republic to stable from positive and reaffirmed the country’s A+ assessment.

“The revision of the Czech Republic’s outlook to stable largely reflects the deterioration of the growth outlook and heightened financial stress in the eurozone, which is the Czech Republic’s main trading partner by far,” Michele Napolitano, Associate Director in Fitch’s Emerging Europe Sovereigns team in London, said in a statement today.

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