Investing.com -- S&P raised Croatia’s credit rating by one notch to ’A’ on Monday, with the outlook returned to stable. This marks the sixth upgrade in approximately eight years, bringing the rating to a record high and creating a one-notch gap above ratings from Fitch and Moody’s.
The rating agency cited a solid and resilient economic outlook as the primary rationale for the upgrade, projecting average growth of 2.7% for Croatia between 2026 and 2029.
S&P also pointed to integration and reforms connected to the Recovery and Resilience Facility as positive factors supporting the rating. The country’s upcoming OECD membership was identified as an additional rating positive.
The upgrade extends Croatia’s multi-year trend of credit rating improvements, which began around 2018. The country now holds its highest credit rating on record from S&P, while maintaining lower ratings from the two other major credit rating agencies.
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