FinMin doesn't see Barclays tips as signal for Croatia's credit rating

Croatian Finance Minister Zdravko Maric has said that recommendations of analysts of the British multinational banking and financial services company Barclays should not be interpreted as a signal regarding Croatia's credit rating.

The Jutarnji List daily reported on Friday that Barclays analysts were very critical, in the bank's latest report, about the political turmoil in Croatia and therefore they recommended great caution in plans for investments in Croatia's bonds having in mind that the latest government crisis can halt reforms and financial consolidation. The analysts expressed their opinion in the article headlined "Croatia: shaken by brittle politics" in which they suggest that investors should think of investing in Serbia or Hungarian securities rather than in Croatia, according to the Zagreb-based Jutarnji List.

However, Minister Maric said in his statement for the commercial broadcaster "Media Servis" that Croatia, Serbia and Hungary were not in the same categories regarding credit ratings "and it it difficult to make comparisons".

Likewise, the recommendations of Barclays analysts are not indicators when it comes to the topic of credit rating, the minister insists.

Last update: Sat, 11/06/2016 - 11:57

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