Business - Economy

Moody´s Downgrades Croatia

Published: February 2, 2013; 11:26 · (Vindobona)

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…

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Moody´s Downgrades Croatia

The U.S. rating agency justifies the downgrade with the “bad economic outlook” and the “inflexible fiscal policy”.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.