Deputy Prime Minister and Economy Minister Martina Dalic told Hina on Saturday that Croatia's economic outlook upgrade was a very encouraging sign, expressing confidence that the government's economic policy would result in the improvement of the country's rating and restoration of its investment grade.
Standard & Poor's ratings agency on Friday revised its outlook on Croatia to stable from negative and affirmed its 'BB' long-term and 'B' short-term foreign and local currency sovereign credit ratings.
In a report called "The Former Yugoslav Republics 25 Years After The Fall of Yugoslavia. Where Are They Now?" Standard&Poor's Global Ratings (S&P) said that most of the countries have ratings in the 'B' or 'BB' category, excluding Slovenia (A/Stable).
"Unfortunately, in the past four years Croatia has seen its credit ratings downgraded twice and negative outlooks, and now it is one of only four economies with negative outlooks regarding their credit ratings,"