First Deputy Prime Minister and Economy Minister Radimir Cacic said on Wednesday, commenting on the Fitch Ratings revision of Croatia's outlook from negative to stable, that the government could be proud and that this was a message that Croatia could be a stable debtor and invest into projects.
Fitch Ratings earlier on Wednesday revised Croatia's outlook from negative to stable and affirmed its long-term foreign and local currency issuer default ratings at BBB- and BBB respectively.
"The government can be proud of the fact that Croatia has, for the first time in years, managed to not only maintain but improve its credit rating," Cacic told Croatian Television.
He stressed that not a single European country except Croatia has managed to increase its credit rating at times when credit ratings in eleven countries have downgraded.
Stressing that the revision of its outlook gave Croatia stable prospects, especially for some groups of projects, Cacic said that Croatia could receive quality financing in the energy sector, but that it could hardly get financing in the public and private sector, because the partner is the state and the state s being evaluated.
Cacic reiterated that Croatia's drop of five places on the global competitiveness scale was the result of the work of the previous government.
