68402
Croatia  Rated Stable
Croatia  Rated Stable

Croatia Rated Stable

Croatia Rated Stable

Fitch Ratings said it has affirmed Croatia’s long-term foreign- and local-currency issuer default ratings at ‘BB’ with a stable outlook, SeeNews reported. The issue ratings on Croatia’s senior unsecured long-term foreign- and local-currency bonds have also been affirmed at ‘BB’, Fitch said late on Friday. The short-term foreign- and local-currency IDRs have been affirmed at ‘B’; the issue ratings on the senior unsecured short-term bonds have also been affirmed at ‘B’; while the country ceiling has been affirmed at ‘BBB-’, the ratings agency noted. The Croatian economy is benefiting from favorable cyclical conditions. Strengthening growth in regional trading partners, favorable wage and employment dynamics, robust tourism receipts and improved absorption of EU funds, resulted in real GDP growth rising to 3% in 2016 (the fastest since 2007), and are likely to support performance in 2017. Potential growth remains weak relative to peers, at 1%-2%, due to adverse demographics, structural rigidities, on-going external deleveraging and low investment during the 2009-2014 recession. Growth volatility is higher than ‘BB’ peers, as is unemployment, which was 13.1% at end 2016.

 

Short URL : https://goo.gl/kvkQu4
  1. https://goo.gl/W9oEYh
  • https://goo.gl/RmUfWc
  • https://goo.gl/rGQToB
  • https://goo.gl/zRxW8w
  • https://goo.gl/wQKhhb

You can also read ...

World GDP is expected to advance 3.5% in 2017—its best year since 2011—and 3.7% in 2018.
Nearly 10 years after the financial crisis brought the global...
Supporters of EU-Mercosur Free-Trade Pact Push for Deal
Supporters of a free trade pact between the EU and the...
The OECD believes that tax evasions cost governments around the world as much as $240 billion a year in lost revenue.
They have revolutionized the way people live, but are US tech...
Kuwait Needs $100b Over 5 Years to Cover Deficit
Kuwait will need $100 billion of additional financing over the...
Emmanuel Macron (L), French Labor Minister Muriel Penicaud (C) and Jean-Claude Juncker.
The EU is trying to present itself as more socially just,...
China to Help Shortfalls in Pension Funds
China on Saturday announced a pilot program to help pension...
Few Signs of Progress in NAFTA Talks
Negotiations in Mexico to update NAFTA have not made much...
Goldman Predicts Four Rate Hikes in US
The US economy is heading into 2018 with strong momentum that’...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus