ZAGREB, March 24, 2018 - The Standard & Poor's (S&P) agency reported on Friday that it had raised its long-term foreign and local currency sovereign credit ratings on Croatia to 'BB+' from 'BB'.
Agrokor has been the ''talk of the town'' this year, but what exactly happened and how did we end up here?
Despite the government’s efforts, credit rating agencies are not optimistic about Croatia’s largest privately-owned company.
At least for now.
The rating remains at “BB”, with a stable outlook.
The government is delighted with S&P’s decision to change Croatia’s credit rating outlook from negative to stable.
After nine years, first good news for Croatia’s credit rating.
A change in Croatia's credit rating...