ZAGREB, 24 Oct (Hina) - Zagrebacka Banka has applied to three major
international agencies - Moody's Investor Service, Standard &
Poor's Corporation and International Bank Credit Agency Limited
(IBCA) - for the assessment of its credit rating, the head of
Zagrebacka Banka Administration, Franjo Lukovic, told a press
conference in Zagreb Thursday.
The assessment of credit rating is the assessment of an
institution's quality and financial reliability.
After a recent request for the assessment of Croatia's credit
rating by the Croatian government - without which the entry of
other institutions in the credit rating assessment procedure would
not be possible - Zagrebacka Banka decided to apply for the
assessment of credit rating, Lukovic said, adding the bank expected
the procedure to take two to three months.
(hina) rm
241832 MET oct 96
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