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Standard & Poor’s Lower Croatia’s Credit Rating To “Junk”

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.

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