May 9, 2022

Fitch Affirms Croatia at ‘BBB’; Outlook Positive

Poticaji za ulaganje

On Friday, May the 6th 2022, Fitch Ratings has affirmed Croatia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB’ with a Positive Outlook.

According to Fitch, Croatia’s ratings are supported by strong structural features, including higher human development and governance indicators than peers, anchored by membership of the EU, and GDP per capita that is around 40% higher than the ‘BBB’ median, while the Positive Outlook reflects their expectation that Croatia will be in the position to join the euro in January 2023, due to significant progress in meeting convergence and reform criteria under Exchange Rate Mechanism II (ERMII), and political support at the wider eurozone level for Croatia’s membership.