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Croatia Outlook Revised To Stable On Stronger Growth And Reduced Fiscal Pressure; 'BB/B' Ratings Affirmed

22.12.2016  12:25

In light of strong economic growth this year and the expected good growth in the next year, Standard & Poor's confirm their assessment of Croatia's credit rating as BB (ie not investment worthy speculative), but change the perspective from "negative" to "stable" . That assessment is not higher due primarily to the expectation of continued relatively large fiscal deficits and high public debt.

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