Fitch Ratings said on Thursday, March 28, it has assigned a 'BBB-'rating to Croatia’s newly issued Eurobond worth USD 1.5bn. The ten-year bond has a coupon of 5.5% and is due 4 April 2023. Fitch said in a short note the rating is in line with the sovereign’s long-term rating, which has a negative outlook and was affirmed in November 2012. The rating of the Eurobond is therefore is sensitive to any changes in the sovereign rating.
Austria's Raiffeisen Bank is preparing to file a complaint at the Croatian constitutional court later in July against a recent law that aims to declare thousands of its loans to Croatians void, ... more
Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more
Croatia's central bank (HNB) purchased €101.5mn on the foreign exchange market on July 14 at an average kuna/euro rate of 7.4210 from local banks in order to alleviate the appreciation of the local ... more