Great news for investors: Moravian-Silesian Region achieves the highest possible international rating

The Moody’s international rating agency has rated the Moravian-Silesian Region at its best ever, increasing its rating from A2 positive to A1 stable. The Moravian-Silesian Region’s rating is now the best possible in the current financing model in all regions of the Czech Republic.

This news comes 18 months after the Moody’s agency improved the Moravian-Silesian Region’s rating outlook from “stable” to “positive” A2.

“This is excellent news for citizens and potential investors alike. By accrediting this rating, the renowned independent agency is announcing to the public that the Moravian-Silesian Region is a very respectable and reliable partner that meets its obligations and can be trusted to receive subsidies or even credit provided even under more advantageous conditions,” said Governor of the Moravian-Silesian Region Ivo Vondrák.

The region has achieved this better rating because of its improved economic indicators and in connection with the Czech Republic’s improved rating.

“This is due to our increased operating margin, lower debt in relation to operating income and gradually increasing liquidity, which fully covered the region’s direct debt at the end of the 2ⁿᵈ quarter of 2019. The Moody’s agency also considered the close institutional, macroeconomic and financial relationship between the Government of the CR and its regions,” said Deputy Governor for Finance and Investments Jaroslav Kania.

The Moody’s agency has been assigning the international rating to the Moravian-Silesian Region since 2005. Since then, the rating has gradually improved from A3 to its current A1 level.

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