Moody's rates Opava Aa1.cz

Moody's Investors Service said it assigned an Aa1.cz national scale rating to the Czech City of Opava.

The outlook is stable.

The agency said the rating reflects satisfactory operating performance, a good cash position and, overall, a supportive institutional framework.

The rating also takes into account high investment needs that caused the city's debt burden to rise recently, Moody's added.

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