D&B assigns DB3d credit rating to Croatia.

By bne IntelliNews May 13, 2010
The international credit rating agency Dun & Bradstreet (D&B) assigned DB3d credit rating, which placed the country among the countries with slight risk and with stable ratings trends. The report stated that 65% of payments were paid on time in Q4, while 23.5% of them arrived with a delay of 30 or more days. As much as 8.9% of the payments were delayed by over 60 days. D&B pointed out that in 2010 there were few signs for sustainable economic recovery. It also stressed that the government failed in reaching fiscal consolidation through the introduction of anti-recession measures. The government had tried to increase the credit availability to the private sector in order to stimulate investment and consumption spending. The central bank (HNB) responded by lowering the reserve requirements from 14% to 11% in order to ensure more liquidity for the commercial banks, which to grant more loans to businesses. However, the report stressed that there was a risk that loans will be provided not only to companies, which had financial difficulties, but also to companies, which were fundamentally unprofitable. Slovenia received better credit rating (DB2c). The country was fallowed by Albania (DB4a), Macedonia (DB4b), Serbia (DB4d) and Bosnia-Herzegovina (DB6a).

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Croatian govt to acquire four companies part of 3.Maj shipyard.

The Croatian government decided on Thursday, March 21, to take over the ownership of all four companies part of local shipyard 3.Maj after which the privatisation of the parent company will be ... more

Croatias Dukat to make takeover bid for Slovenias Ljubljanske Mlekarne.

Croatian dairy producer Dukat said it intends to place a takeover bid for the 49.7% stake it does not yet own in Slovenian peer Ljubljanske Mlekarne. Dukats current stake of 50.3% in the ... more

Croatia's construction output down 2.1% y/y in Jan 2013.

Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, ... more

Follow Us On

Most Read

  1. The models are wrong, climate change is accelerating faster than predicted
    5 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    9 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    7 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    6 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    30 days ago
  2. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  3. BRICS announce a blockchain-based payment system to create a common currency
    1 month ago
  4. Saudi Arabia to scale back plans for Neom city
    19 days ago
  5. Iran vs Israel: Who is better equipped for war?
    16 days ago

Reports

Dismiss