March 23, 2018 / 9:23 PM / a month ago

BRIEF-S&P Raises Croatia’s Sovereign Credit Rating To BB+ From BB

March 23 (Reuters) - S&P Global Ratings :

* S&P RAISES CROATIA’S SOVEREIGN CREDIT RATING TO BB+ FROM BB; LOWERS OUTLOOK TO STABLE FROM POSITIVE

* S&P - CROATIA LONG-TERM RATING RAISED TO ‘BB+’ ON STRONGER EXTERNAL POSITION; OUTLOOK STABLE

* S&P - CROATIA’S EXTERNAL POSITION IMPROVING ON EXTERNAL DELEVERAGING, RECURRING CURRENT ACCOUNT SURPLUSES, INCREASE IN FOREIGN CURRENCY RESERVES

* S&P - STABLE OUTLOOK BALANCES CROATIA'S IMPROVED EXTERNAL AND FISCAL BALANCES AGAINST STILL HIGH GOVERNMENT DEBT LEVELS AND STRUCTURAL RIGIDITIES Source text : (bit.ly/2G6Q15I)

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