Home Ratings and Research Currently valid
Currently valid (outstanding) ratings

Since 30 July 2012, the EUROPEAN RATING AGENCY, a.s. is a registered credit rating agency in accordance with Regulation no. 1060/2009 of the European Parliament and the Council (EC) of 16 September 2009 on credit rating agencies. The currently valid (outstanding) ratings issued before the date of registration are monitored by EUROPEAN RATING AGENCY, a.s. as a registered credit rating agency since the date of registration.

ERA rates Czech Republic AA-, outlook Stable
Friday, 01 February 2019

The unsolicited credit rating AA- assigned to Czech Republic stems from fiscal surpluses, low debt, and high foreign exchange coverage ratios. Governance indicators, which are highly above average on the world scale, also support the final assessment. However, the governance score lags behind those of leading advanced economies and therefore constrains the final rating.

ERA rates TURKEY BB, outlook Stable
Friday, 18 January 2019

The unsolicited credit rating BB assigned to Turkey stems from constant indebtedness growth paralleled with limited international reserves, the low risk of public debt non-servicing, high midterm inflation, sustained negative external balances, and the deteriorated quality of monetary regulation.

ERA rates Hungary BBB, outlook Stable
Friday, 30 November 2018

ERA issues the following unsolicited credit rating for Hungary.

The unsolicited credit rating assigned to Hungary stems from a strong economy, sound private sector finances, and above average governance indicators. The rating is restricted by high government debt load, high structural deficits, and low foreign reserves indicators.
Read More


Page 1 of 5