Standard & Poor’s Raises Credit Rating of Zagreb Holding

Standard & Poor’s agency confirmed last week the credit ratings of the City of Zagreb and Croatian Bank for Rebuilding and Development, while elevating the rating of Zagreb Holding by one degree to BB-

After confirming a week ago the current long term rating of Croatia at BB and short term at B, with negative forecast, last week this agency also retained the rating of the City of Zagreb at BB, with negative forecast, Tportal.hr reported on July 23, 2016.

“Zagreb has shown the ability to withstand challenges regarding its income capacities after last year’s changes to the tax system in the state. The city has shown very strong budget results in line with our expectations,” stated Standard & Poor’s on Friday.

Hence they confirmed the rating of the City of Zagreb at BB, while the negative forecast reflects the negative forecast of Croatia.

The agency also retained the long and short term ratings of HBOR at BB and B, with negative forecast.

 

Subscribe to our newsletter

the fields marked with * are required

Email: *
First name:
Last name:
Gender:	Male Female
Country:
Birthday:	[DD] 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 [MM] 1 2 3 4 5 6 7 8 9 10 11 12 [YYYY] 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Please don't insert text in the box below!