ZAGREB, Dec 4 (Hina) - Croatia's credit rating for December, according to the latest Dun & Bradstreet report, remains unchanged, DB4d, which places Croatia among medium investment risk countries, with a uniform trend as the month
before, the Zagreb-based company Bonline said on Tuesday. According to D&B analysts, two developments significantly affected the strengthening of Croatia's international position: the results of the first review of a 14-month stand-by arrangement with the International Monetary Fund, which indicate the determination and success of Croatia's authorities in achieving agreed objectives, and the signing of a Stabilisation and Association Agreement with the European Union. On the other hand, "the increasingly strained domestic political situation" has a negative impact on the rating, the analysts say. Among Central and Eastern Europe countries, Croatia is n
ZAGREB, Dec 4 (Hina) - Croatia's credit rating for December,
according to the latest Dun & Bradstreet report, remains unchanged,
DB4d, which places Croatia among medium investment risk countries,
with a uniform trend as the month before, the Zagreb-based company
Bonline said on Tuesday.
According to D&B analysts, two developments significantly affected
the strengthening of Croatia's international position: the results
of the first review of a 14-month stand-by arrangement with the
International Monetary Fund, which indicate the determination and
success of Croatia's authorities in achieving agreed objectives,
and the signing of a Stabilisation and Association Agreement with
the European Union.
On the other hand, "the increasingly strained domestic political
situation" has a negative impact on the rating, the analysts say.
Among Central and Eastern Europe countries, Croatia is ninth on the
rating list. Only Lithuania and Slovakia improved their standing
for December. Hungary and Slovenia, with the DB2d rating, continue
to lead the list as low risk countries.
(hina) ha sb