Rating

Rating of the Czech Republic is an assessment of its credibility. The rating is a synthetic expression of the quality of the Czech state as a debtor and of its economic capability to comply with its own issued obligations and to pay off the interests and the principal of the sum owing in time and in total quantity.

The importance of such rating lies in the fact that the debtor must pay credit spread to its creditors when issuing the securities for the difference between the best and the rating assessments (e.g., AAA), i.e., reference rating, and its worse rating (e.g., A-). Such swap is constantly changing, but the level remains roughly the same.