.jpg)
20.03.2026.
S&P Global Ratings international rating agency issued a statement this week, by which the credit rating of the Croatian Bank for Reconstruction and Development was raised from ‘A-’ to ‘A’, with stable outlook, which is the highest rating of HBOR in history.
This decision is made at the moment when the Croatian economy is recording stable and continuous growth and deeper integration into the European market, which strengthens HBOR's position as a key financial partner in the implementation of development and investment projects.
S&P Global Ratings emphasises in its statement that HBOR plays a key role in the implementation of economic, social and development policies of the Republic of Croatia, as well as makes a significant contribution to mitigating the consequences of economic crises and implementing national and European development programmes.
HBOR's credit rating is hereby aligned with the credit rating of the Republic of Croatia, thus confirming strong institutional connection of HBOR with the state, which is reflected in its ownership structure, continuous support and importance in the financing of the private and public sectors and in promoting exports.
“The credit rating upgrade confirms the stability of our operations and the key role that HBOR plays in the development of the Croatian economy, and further strengthens our position on the financial market. As a development bank, we continue to provide favourable sources of financing for our entrepreneurs and the public sector, and actively contribute to investments, exports and sustainable development of the Republic of Croatia“, said the President of HBOR's Management Board Hrvoje Čuvalo.
S&P Global Ratings international rating agency issued a statement this week, by which the credit rating of the Croatian Bank for Reconstruction and Development was raised from ‘A-’ to ‘A’, with stable outlook, which is the highest rating of HBOR in history.
This decision is made at the moment when the Croatian economy is recording stable and continuous growth and deeper integration into the European market, which strengthens HBOR's position as a key financial partner in the implementation of development and investment projects.
S&P Global Ratings emphasises in its statement that HBOR plays a key role in the implementation of economic, social and development policies of the Republic of Croatia, as well as makes a significant contribution to mitigating the consequences of economic crises and implementing national and European development programmes.
HBOR's credit rating is hereby aligned with the credit rating of the Republic of Croatia, thus confirming strong institutional connection of HBOR with the state, which is reflected in its ownership structure, continuous support and importance in the financing of the private and public sectors and in promoting exports.
“The credit rating upgrade confirms the stability of our operations and the key role that HBOR plays in the development of the Croatian economy, and further strengthens our position on the financial market. As a development bank, we continue to provide favourable sources of financing for our entrepreneurs and the public sector, and actively contribute to investments, exports and sustainable development of the Republic of Croatia“, said the President of HBOR's Management Board Hrvoje Čuvalo.