Moderate debt and a favourable track record of sound macro-economic policies support the rating. Challenges relate to a concentrated economic structure exposed to external shocks and rising budgetary pressure, including from an ageing population.

The periodic review has resulted in no credit-rating action.

The periodic review has resulted in no rating action.

A favourable track record of sound macroeconomic policies and moderate debt drive the affirmation. Vulnerability to external shocks, labour shortages and rising budget pressure from an ageing population are credit challenges.

The periodic review has resulted in no rating action.

Weakened medium-term growth prospects and deteriorated fiscal metrics drive the downgrade. A robust fiscal policy framework and favourable debt profile are key credit strenghts.

Monitoring review announcement

Marked deterioration in the growth outlook and high reliance on Russian energy drive the outlook revision. Solid public finances and a competitive industrial base support the rating.

The ratings are supported by robust public finances and a competitive industrial base. Demographic pressures and reliance on external demand remain challenges.

Scope has taken no action on the Czech Republic following a monitoring review