Banks  Croatia: Macro profile  Moderate - - Moody's Global Credit Research

Banks Croatia: Macro profile Moderate -

Banks  Croatia: Macro profile  Moderate - - Moody's Global Credit Research
Banks Croatia: Macro profile Moderate -
Published Oct 20, 2021
12 pages (4716 words) — Published Oct 20, 2021
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Brief Excerpt:

...Croatia's (Ba1 stable) "Moderate -" macro profile is supported by the country's progress in strengthening its institutional capacity since acceding to the EU and the policy anchor for further economic and institutional reforms following its entry into the European Exchange Rate Mechanism (ERM II). Deeper European integration is promoting reforms and reducing foreign-currency debt risk. The country also benefits from relatively low political risk and a disciplined approach to achieving kuna/euro exchange-rate stability. However, these considerations are partly offset by high growth volatility, the economy's lack of diversification, still-modest long-term potential growth, in part driven by Croatia's unfavourable demographics, and elevated government funding requirements. Our assessment incorporates the risks related to credit conditions, including a high proportion of unsecured household debt; high corporate debt compared with peer countries, together with a slow debt recovery process; and...

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Sector In-Depth

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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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Moody's Global Credit Research. "Banks Croatia: Macro profile Moderate -" Oct 20, 2021. Alacra Store. Nov 30, 2021. <>
Moody's Global Credit Research. (). Banks Croatia: Macro profile Moderate - Oct 20, 2021. New York, NY: Alacra Store. Retrieved Nov 30, 2021 from <>
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