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FinMin says downgrade of credit rating makes situation more difficult for government and economy

ZAGREB, Dec 15 (Hina) - The downgrade of its credit rating makes the situation even more difficult for Croatia and creates more difficult conditions for the government and the economy, notably for those borrowing abroad, Finance Minister Slavko Linic said on Friday evening commenting on the decision of Standard & Poor's Ratings Services to lower its long- and short-term sovereign credit ratings on Croatia to 'BB+/B' from 'BBB-/A-3', citing insufficient reforms. The outlook is stable.

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