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S&P lowers Croatia's long-term ratings; outlook stable

Author: itom
ZAGREB, Jan 24 (Hina) - Standard & Poor's (S&P) on Friday downgraded its long-term ratings on Croatia to 'BB' from 'BB+'. outlook on Croatia from stable to negative, retaining the existing long term rating of BB+ after downgrading the outlook on Croatia last week. The outlook is stable, S&P said adding that Croatia's recession was likely to continue for the sixth consecutive year

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