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CROATIA MOODY S DOWNGRADES CITY

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CROATIA: MOODY'S DOWNGRADES CITY OF ZAGREB TO BAA2 AND ZAGREBACKI HOLDING TO BAA3.
Moody's Investors Service today downgraded the City of Zagreb's issuer rating to Baa2 from Baa1; at the same time, it downgraded the rating on the EUR300 million bond of Zagrebacki Holding -- the city of Zagreb utility company - to Baa3 from Baa2. Rating outlook on both ratings is stable. Zagreb's ...
November 20, 2008; IPR Strategic Business Information Database

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1. CROATIA: MOODY'S DOWNGRADES CITY OF ZAGREB TO BAA2 AND ZAGREBACKI HOLDING TO BAA3.