Moody's downgrades Croatia to Ba1, outlook stable

Thu Jan 31, 2013 8:44pm EST

Related Topics

Feb 1 (Reuters) - Moody's Investors Service on Friday downgraded Croatia's government bond rating to Ba1, from Baa3, citing poor growth prospects and a lack of fiscal flexibility for the government.

Moody's also changed the outlook for the rating to stable from negative, saying there was limited risk the government's fiscal position and debt would materially deteriorate any further.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.