Croatia Wins Global Vote of Confidence as Fitch Keeps 'A-' Rating – But Warns of One Major Weakness
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2 Articles
Croatia Wins Global Vote of Confidence as Fitch Keeps 'A-' Rating – But Warns of One Major Weakness
Croatia has received another major vote of confidence from international investors after global ratings agency Fitch reaffirmed the country's 'A-' sovereign credit rating, describing the economy as resilient and fiscally disciplined despite mounting global uncertainty. The decision means Fitch continues to view Croatia as a country with a low risk of default, underlining confidence in its ability to meet financial obligations and weather economi…
The agency believes that the adoption of the euro has "slightly weakened the budgetary anchors", but expects the government to persist in complying with EU fiscal regulations. They remind that Croatia has asked Brussels to activate a clause that will allow it to deviate more from the original net spending trend in order to increase defense spending.
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