S&P: Croatia Downgraded Again

S&P: Croatia Downgraded Again / Picture: © Vindobona.org

Croatia´s rating remains a „BB+“. The outlook was lowered from “stable” to “negative”. According to S&P, the rating has to be revised again in case of a deterioration of the economic situation. Moreover, an increasing budget deficit or a rising foreign indebtedness would also justify another downgrade, the rating agency said.

This year, Croatia´s recession will…