16:31 / 19.03.2022.

Author: Branko Lozančić

Plenković: Maintaining the credit rating is a message of trust and encouragement

Prime Minister Andrej Plenković

Prime Minister Andrej Plenković

Foto: Robert Anic / PIXSELL

Today, Prime Minister Andrej Plenković said that maintaining the credit rating at the investment level is a message of confidence and encouragement that the Government can preserve economic stability despite inflation and the consequences of the war in Ukraine.

“Standard & Poor's has maintained its credit rating at the BBB investment level with a stable outlook, which is a message of confidence and encouragement to preserve economic stability and stable growth with government measures, despite inflationary pressures and the consequences of war,” wrote Prime Minister Andrej Plenković on Twitter.

According to the Prime Minister, the implementation of the National Recovery and Resilience Plan and the further absorption of European funds for faster development and energy and green transition in Croatia are also a priority.

“Membership in the Eurozone that we want to achieve in 2023 creates preconditions for further strengthening the competitiveness of the economy and raising the credit rating,” concluded the Prime Minister.

Standard & Poor's reaffirmed Croatia's 'BBB- / A-3' rating and stable outlook yesterday, highlighting global geopolitical uncertainty over Russia's aggression against Ukraine that could affect global demand, tourism and inflation.

Stable prospects signal S&P's expectations that the Croatian economy will grow at a stable pace over the next two years, despite unfavorable inflationary trends and the macroeconomic consequences of the war in Ukraine throughout Europe.

Source: HRT

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