S&P revises Zagrebacka view

S&P said it revised its outlook for Zagrebacka banka dd to stable from negative. It also affirmed the BBB- long-term issuer credit rating.

The revision reflects the agency’s revision of Zaba’s parent, Unicredit Group SpA, to stable from negative earlier this week. S&P also said it expects Zaba to continue to be an important conduit for the group’s retail and corporate activities in Croatia, Bosnia and Herzegovina.

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