Sponsored Content
Moody´s Downgrades Croatia
Sponsored Content
The U.S. rating agency justifies the downgrade with the “bad economic outlook” and the “inflexible fiscal policy”.
Moody´s Downgrades Croatia / Picture: © Moody's Investors Service, Inc. - Annual Report 2013
For Croatia, this is the second downgrade since December. In mid-December, the rating agency criticized that Croatia does not show enough reform progress. Moreover, S&P underlined that Croatia´s labor market conditions are not flexible enough.
According to Moody´s, Croatia´s financial situation will not improve this year. Although Croatia may leave the recession…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Sponsored Content
Sponsored Content