S&P upgrades HEP power utility's rating

Standard & Poor's (S&P) on Friday upgraded the credit rating of Croatia's power utility HEP to BB from BB -, largely due to improved liquidity.

Fitch downgrades Croatia's local currency ratings

Fitch Ratings has downgraded Croatia's Long-Term Local Currency (LTLC) IDR to 'BB' from 'BB+'. The outlook is negative.

S&P upgrades MOL credit rating

Ratings agency Standard & Poor’s has raised its long-term corporate credit rating for Hungarian oil and gas company MOL from BB to BB+, MOL said in a press release, adding that the outlook for the rating is stable.

FinMin says S&P rating best under given circumstances

Croatian Finance Minister Zdravko Maric has said that the decision of the S&P Global Ratings agency to affirm its 'BB' long-term and 'B' short-term foreign and local currency sovereign credit ratings on Croatia with the outlook remaining negative "is the best we could achieve in the current moment".

Standard & Poor's: Political instability in Croatia threatens recovery

Political instability in Croatia after the government lost a no-confidence vote last week is lamentable and could do fresh damage to its long-suffering economy, Reuters quoted an analyst of the rating agency Standard and Poor's (S&P) as saying on Tuesday.

Fitch upgrades Serbia’s rating

The Fitch Ratings agency has raised Serbia's rating from "B+" to "BB-" with the outlooks having been revised to stable, the Serbian central bank stated on Saturday.

Moody's downgrades HBOR's rating to Ba2, outlook negative

The rating actions were prompted by the weakening of the Croatian government's credit profile, as captured by Moody's downgrade of the government bond rating to Ba2 (negative) from Ba1 (negative) on 11 March.

FM: Moody's ratings based on former government's work

Moody's made its assessment based on the work of the previous government, Foreign and European Affairs Minister Miro Kovac said on Saturday when asked to comment on Croatia's downgraded credit ratings.

FinMin says gov't won't hesistate and delay reforms

"The government and everyone who cares about Croatia can be satisfied with the decision to lower the credit rating," Maric told the press after Moody's on Friday lowered Croatia's ratings by one notch. 

Analysts says Moody's ratings not unexpected

"This is in fact the adjustment of Moody's ratings with the ratings of the other two agencies. It is not a positive sign, but it is not unexpected either, given that last year Moody's skipped the ratings," said Zrinka Zivkovic-Matijevic

Moody's lowers Croatia's rating, maintains negative outlook

Croatia is faced with continuing weak medium-term economic growth prospects, which derive from historically low investment and structural rigidities, including a low labour force participation rate, as well as bottlenecks in the absorption of EU funds.

Economy minister to meet with Moody's officials

Economy Minister Tomislav Panenic said on Thursday that during his meeting with representatives of the Moody's credit rating agency he would express the government's determination to implement the necessary reform.