S&P: Zagrebacka to positive

S&P said it revised the outlook on Zagrebacka Banka dd to positive from stable.

The agency also affirmed the BB long-term counterparty credit rating.

S&P said the revision mirrors the action recently taken on the Republic of Croatia.

“We expect that Croatia's economic expansion will continue, and that the potential fallout from the situation surrounding Croatia's largest retail conglomerate, Agrokor, will remain contained,” the agency said in a news release.

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