New bond issue on the way
A sub-investment category until further notice
Unlike the S&P's rating agency, which has restored Croatia's credit rating back from 'junk' after six years, Moody's only upgraded the outlook on Friday the 26th and kept the rating in the sub-investment category until further notice. Fitch's assessment is due on 7 June and it is likely that, same as S&P's, this agency will upgrade the country's credit rating. In the meantime, the Ministry of Finance has started preparing a new bond issue, which is probably due in June, Poslovni dnevnik reports.