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Ostrava wins top rating

last modified Apr 27, 2018 09:15 by Sokolovská Iva

Apr 27, 2018 09:15

In April 2018, international rating agency Moody’s raised Ostrava’s rating from A1 stable to A1 positive. Ostrava now has the highest rating that a Czech city can achieve: the Czech Republic’s rating is A1 positive, and no city can have a higher rating than the country itself. Ostrava is the only Czech city whose rating has risen steadily year after year, and it is one of just five cities in the Czech Republic to have been granted the A1 positive rating.

Ostrava wins top rating

Spring in Ostrava

Ostrava’s Mayor Tomáš Macura welcomed the new rating: “Although the rating is not the primary purpose of our financial management, it is rewarding to see that Moody’s recognizes our consistent efforts to run the City’s finances as efficiently, transparently and prudently as possible. The rating also reflects Ostrava’s growing economic potential and status as a major regional centre. Our rating has been raised three times in a period of just three years – and that is an exceptional achievement.”

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