Croatia was upgraded by Moody’s due to the favorable effects of joining the euro next year

By: Trademagazin editor Date: 2022. 07. 18. 11:08

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Moody’s Investors Service raised the rating of Croatia’s long-term public debt in foreign currency and domestic currency by two notches to the investment recommendation band.

The major credit rating agencies improved Croatia’s debt rating due to the expected introduction of the euro

The international credit rating agency justified the move with the fact that the Council of Economic and Financial Ministers of the European Union (ECOFIN) this week adopted the legislation necessary for Croatia to join the euro, thus making it final that Croatia will enter the euro zone next January. (MTI)