Moody's: Croatian Bank of Reconstruction negative

Moody's Investors Service said it changed the outlook on the Baa3 long-term foreign-currency issuer rating of Croatia's government related issuer, the Croatian Bank for Reconstruction and Development, to negative from stable.

Similarly the outlook on the bank's provisional Baa3 backed senior unsecured medium-term note program rating was also changed to negative from stable.

The outlook change was triggered by the recent change to negative from stable of the outlook on the Baa3 local-currency sovereign bond rating, Moody's said.

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