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Fitch Cuts Croatia´s Credit Rating Outlook
The U.S. rating agency argues that the economic development in Croatia is substantially behind the expectations.
Fitch Cuts Croatia´s Credit Rating Outlook / Picture: © Vindobona.org
Croatia´s rating was reiterated at “BBB-“. However, the outlook was lowered from “stable” to “negative”. The last assessment took place in September. Fitch explains that the economic forecasts of the government were too optimistic. Fitch expects economic growth rates of 0.3% in 2013 and 1.3% in 2014. The Croatian government anticipates growth rates of 1.8% (2013) and 3.5%…
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