Standard & Poor’s Lower Croatia’s Credit Rating To “Junk”
- by croatiaweek
- in Business
Credit rating agency Standard & Poor’s have lowered Croatia’s credit rating from BBB-/A-3 to BBB+/B, reports daily Croatian newspaper Jutarnji list.
Standard & Poor’s cited Croatia’s lack to introduce reforms and remove structural boundaries which are preventing economic development in the country as the reason for the credit rating drop to “Junk” status.
