$ RACT ON CREDIT RATING ESTIMATION ZAGREB, 6 Sept (Hina) - The Croatian Finance Ministry on Friday signed a contract with Merrill Lynch International and UBS Limited. According to the contract, the two companies will be advisors in
estimating Croatia's international credit rating, a statement from the Finance Ministry said.
CONT
$ RACT ON CREDIT RATING ESTIMATION
ZAGREB, 6 Sept (Hina) - The Croatian Finance Ministry on Friday
signed a contract with Merrill Lynch International and UBS Limited.
According to the contract, the two companies will be advisors in
estimating Croatia's international credit rating, a statement from
the Finance Ministry said. #L#
Credit rating serves as a basis for successful issuing of
state and private securities on the international financial market.
The achieved credit rating will be the indicator of political and
economic stability of a country and its capability to return
foreign loans. It will also be the indicator of the borrowing
price.
The request for the allocation of Croatia's credit rating was
sent to three leading world agencies - Standard and Poor's Moddy's
Investor Service IBCA.
It is expected that Croatia will issue its first Euro bonds
after it has been allocated its credit rating. UBS Limited and
Merrill Lynch International would be the heads of the future issue,
the statement said.
(hina) rm jn
061710 MET sep 96