The Czech Republic’s credit rating may be increased if the new government delivers on its promise to cut the budget deficit, Moody’s Investors Service said. “If we see a resumption of real convergence towards core Europe that could put upward pressure on the rating,” Dietmar Hornung, a senior sovereign risk group analyst at Moody’s, said in a July 16 interview. “And if the fiscal plans were to be implemented as planned and result in stabilization” of debt ratios “that would also be reassuring.”