Moody’s Changes Croatia’s Outlook to Positive, Affirms Baa2 Ratings

Moody’s has changed the Outlook on Croatia to positive from stable, while at the same time it affirmed its long-term issuer and senior unsecured ratings at Baa2.

Moody’s decision to change the outlook to positive is driven by an increasing likelihood that Croatia’s debt burden will fall significantly than previous expected leading to further improvements in fiscal strength.

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