D&B retains DB3d credit rating to Croatia, changes outlook to negative.

By bne IntelliNews November 9, 2010
International credit rating agency Dun & Bradstreet (D&B) retained Croatia's DB3d credit rating, but changed its rating outlook to negative from stable, news agency HINA reported. The outlook was changed due to the political uncertainty and instability, witnessed also in the latest popularity polls. D&B stressed that the coalition government was losing support, although it had not adopted economic austerity measures. The agency pointed out that the economy contracted for a sixth consecutive quarter, registering a 2.5% y/y drop in Q2/10 due to lower investments and consumption.

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