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Croatia wins Credit Rating Upgrade, but Central Bank warns Reforms must continue

Croatia’s recent upgrade to its sovereign credit rating has been hailed as a milestone in the country’s economic progress, but the governor of the central bank cautioned on Monday that the achievement must not lead to complacency. Boris Vujčić, governor of the Croatian National Bank, said the decision by Standard & Poor’s to raise Croatia’s rating to “A” with a stable outlook reflects growing investor confidence and recognition of the country’s macroeconomic stability. [...]