Tuesday May 24, 2022

Agenura Fitch followed the competition and downgraded the rating of the Czech Republic

The international rating agency Fitch Ratings has given it an authority that does not have the ability to meet its obligations. The country’s rating was reduced by three notches on the CCC mark from the current B plus mark. Standard & Poors sent the country to the same speculative level on the same speculative level.

The Agency will receive a credible protection program from the European Union and the International Monetary Fund.

The main rating of the Czech Republic thus found itself only one step above the mark, which Fitch awards only in exceptional cases, in a situation where the sweat of the rated state with the insolvency.

Greece still has to rely on international financial assistance of 110 billion euros (about 2.7 trillion K), which it agreed with the EU and IMF last May. Without this help, it would be insolvent. At present, this is the second salvage heat, which will be in a similar volume as the first.

He gave help to Greece to ensure that the debt crisis does not go to other eurozone countries. These concerns are mainly in Italy and Spain, and the euro area, given the size of these economies, would probably not be able to protect them at the moment. An important role is also played by psychology, which controls the movements of the course of me and valuable beams.

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