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Croatia's City of Zagreb Achieves Highest Credit Rating in History
10 articles |
Updated 44m ago |
Created 2h ago
The city administration has received its best-ever credit rating following an upgrade from S&P Global, which cited the municipality as a model for fiscal discipline and transparent governance under Mayor Tomislav Tomić's leadership. While noting that Zagreb is not raising prices to fund operations despite economic challenges in other regions of Croatia, officials emphasize their unique ability to manage finances without increasing costs while maintaining high service standards across 30 municipalities within the city limits.
Key Points
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1[Mar 22, 10:47] The credit rating of the City Zagreb has been raised to a historic high level by S&P.
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2[Mar 22, 10:35] Mayor Tomislav Tomašević attributes this achievement solely to his administration's excellent management and lack of price increases for citizens.
Developments
March 22
[Mar 22, 10:47] S&P raised the credit rating; Tomašević states prices are not being increased and management is excellent.