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D&B: Croatia's credit rating remains unchanged

ZAGREB, Aug 12 (Hina) - Croatia's risk profile for August remainsunchanged, DB4d, which indicates moderate investment risk, the creditrating agency Dun&Bradstreet has reported.
ZAGREB, Aug 12 (Hina) - Croatia's risk profile for August remains unchanged, DB4d, which indicates moderate investment risk, the credit rating agency Dun&Bradstreet has reported.

The risk profile is marked by the publication of real GDP growth indicators in the first quarter of 2005. According to the statistics, the country's economy grew by a mere 1.8 percent from the same quarter last year, which is the lowest growth rate since the last quarter of 1999, D&B analysts say.

Nevertheless, they expect real GDP growth to be at the projected level of 3.7 percent in 2005 and 2006.

Croatia is eleventh among 25 countries in the region monitored by D&B and the only one with the mark DB4d. Bulgaria and Romania have been given a better mark, DB4c.

The list of monitored countries is headed by Slovenia with the risk profile DB2c, which indicates low investment risk. Belarus, Bosnia-Herzegovina, Tajikistan, Turkmenistan and Uzbekistan are at the bottom of the list with the risk profile DB6d indicating very high investment risk.

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