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S&P upgrades Croatia's credit rating after announcement of euro area entry

Author: Vojo Micak

ZAGREB, 15 July (Hina) - Standard & Poor's (S&P) Global Ratings raised its long- and short-term foreign and local currency sovereign credit ratings on Croatia to 'BBB+/A-2' from 'BBB-/A-3' on Thursday, saying that the country will benefit from accession to the euro area and its economic growth will remain steady. The outlook is stable.

(Hina) vm

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