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Croatia to Issue Dollar Bonds

Published: September 24, 2013; 07:02 · (Vindobona)

In order to cover its foreign exchange needs, Croatia will issue a dollar bond with a size of $ 2.7bn.

Croatia to Issue Dollar Bonds / Picture: © Flickr

The U.S. rating agency Fitch has lowered the foreign currency credit rating from “BBB-” to “BB+”. The local currency rating was cut from “BBB” to “BBB-“. The outlook was kept unchanged. Now, Croatia has the same rating like Hungary.

According to Fitch, the rating cut was necessary because of the worsening conditions for fiscal consolidation. Croatia´s public debt…

This article includes a total of 233 words.

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