Moody’s says could review Czech rating

International credit ratings agency Moody’s has said it could improve its evaluation of the Czech Republic if the new centre-right coalition government delivers on its pledge to cut the budget deficit. The news was given by one of the company’s analysts in an interview with the Bloomberg news agency. The Czech Republic currently has an A1 rating with a stable outlook, the same as that of neighbour Slovakia and Estonia, which is soon to adopt the single currency euro. The Czech rating is two notches lower than the absolute top triple ‘A’ rating. The new government has pledged to cut the budget deficit to 3.0 percent of Gross Domestic Product by 2013.