S&P Upgrades Croatia's Credit Rating to "A" with Stable Outlook

LootboxPhobia · 2026-03-16T21:17:10+00:00

S&P upgrades Croatia's credit rating to "A" with a stable outlook. This marks the sixth rating upgrade for the country, reflecting robust economic prospects with expected growth of 2.7% in the coming years. Croatia's imminent accession to the OECD further supports the positive rating outlook.

LootboxPhobia

2026-03-16 21:17:10

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Investing.com – Standard & Poor’s upgraded Croatia’s credit rating by one notch to “A” on Monday, with a stable outlook. This is the sixth time the country has received a rating upgrade in about eight years, reaching its highest level ever and creating a one-notch gap with Fitch and Moody’s ratings.

The rating agency cited a solid and resilient economic outlook as the main reason for the upgrade, expecting Croatia’s average growth rate to be 2.7% from 2026 to 2029.

S&P also noted that the integration process and reforms related to the recovery and resilience fund are positive factors supporting the rating. The country’s upcoming accession to the OECD is also considered an additional positive factor.

This upgrade continues Croatia’s multi-year trend of improving credit ratings since around 2018. The country currently holds its highest-ever credit rating from S&P, while the other two major rating agencies have assigned slightly lower ratings.

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