PM: Affirmation of Croatia’s Credit Rating is Message of Confidence

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Pixabay License - Free for commercial use
Pixabay License - Free for commercial use

PM Plenković tweeted that the decision of that credit rating agency to affirm Croatia’s ratings with stable outlook “is a message of confidence in and encouragement” to the government to continue taking measures conducive to the economic stability and stable growth, thus weathering the inflationary pressures and the consequences of the war.

He writes on the Twitter account that the priorities are given to the implementation of the National Recovery and Resilience Plan and to the further absorption of European funding for the faster growth and the energy and green transition of Croatia.

Our target to join the euro area in 2023 creates prerequisites to additionally boost the economy’s competitiveness and raising our credit ratings, he added.

Standard & Poor’s on Friday affirmed Croatia’s credit rating at ‘BBB-/A-3’ with a stable outlook, however, it warns that repercussions of Russia’s invasion of Ukraine can affect the Croatian economy.

“The stable outlook reflects our expectation that Croatia’s economic growth will remain steady over the coming two years despite inflationary headwinds and the pan-European macroeconomic consequences from the conflict in Ukraine,” it says.

For more, make sure to check out our dedicated business section.


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