S&P: Croatia Downgraded Again

Business › Economy ♦ Published: August 2, 2013; 17:56 ♦ (Vindobona)

The rating agency puts the outlook on Croatia from „stable“ to „negative“. The rating remains unchanged.

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…

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