Czech Republic's long-term foreign currency rating goes up to 'A'

Both Finance Minister Bohuslav Sobotka and the Deputy Prime Minister for the Economy, Martin Jahn, have welcomed a boost in the Czech Republic's foreign currency rating from 'A-minus' to 'A' by the international agency Fitch Ratings. Finance Minister Sobotka said the upgrade reflected what he called the 'excellent situation' in the Czech economy and improvement in public budgets, while Martin Jahn called it 'further proof' the Czech economy was at its strongest in ten years. The higher rating should attract new foreign investment.