Moody's rates South-Moravian Region Aa1.cz

Moody's Investors Service said it assigned an Aa1.cz national scale issuer rating to the South-Moravian Region in the Czech Republic.

The outlook is stable.

The Aa1.cz rating primarily reflects the region's prudent fiscal management, which has led to balanced accounts, stable cash reserves and very low debt over the past five years, Moody's said.

But, the rating also accounts for the low-revenue growth environment expected over the next two years as well as limited revenue and spending flexibility offered under the current institutional framework for Czech sub-sovereigns, the agency said.

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