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Croatia: Fitch ugrades rating from BB to BB +

First time since 2004. Growth, tourism, public accounts are ok

19 January, 11:16
(ANSA) - ZAGREB, JAN 19 - The Fitch rating agency upgraded Croatia's credit rating of Croatia from BB to BB +, with positive prospects. It is the first time since 2004 that an agency has upgraded the country's rating. Croatia is a member of the EU since 2013. Fitch said that the decision depends on the strong economic growth recorded in the last three years, the excellent tourist season and the stability of public finances. According to the first data released by the Finance Ministry, 2017 closed with a surplus in public housing, which, along with the GDP growth, estimated at 3%, will reduce the public debt from 82.5 to 78% of the GDP. Croatia's premier, Andrej Plenkovic, said he is convinced that other rating agencies will soon follow in Fitch's footsteps. (ANSA).

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