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ZAGREB, Aug 9
(Hina) - Croatia's downgraded credit rating is
primarily the result of an unsustainable movement of the public debt
which will continue to grow without structural reforms, said Hrvoje
Stojic, the head of the Hypo Alpe Adria Bank's Economic Research
Department, when asked to comment on the fact that Fitch Ratings has
downgraded Croatia's long-term foreign currency Issuer Default Rating
(IDR) to 'BB' from 'BB+' and local currency IDR to 'BB+' from
'BBB-'..
(Hina) its