- Language: English
- Published: May 2012
- Region: Croatia
Summary: Zagreb (City of) Dec 11
- Published: December 2011
- Standard & Poors
The rating on the City of Zagreb reflects its position as the administrative, financial, and commercial center of the Republic of Croatia (BBB/Negative/A-3), as well as the city's continuing robust, although weakened, budgetary performance and low direct debt. These factors are constrained by the city's weak liquidity and limited financial flexibility as a result of its, until recently, expansionary spending policy, which was carried out in the context of a consolidating but uneven institutional framework. As Croatia's capital, Zagreb plays a dominant economic, financial, and political role. With 18% of the country's population, it produces about 31% of GDP. Despite currently sluggish economic growth, we expect the city's GDP per capita to remain above $25,000 over the next three years....
Companies mentioned in this report are: Zagreb (City of)
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Zagreb (City of)