The Assembly of Zagreb Holding, composed of Mayor Tomislav Tomašević and his deputies Danijela Dolenec and Luka Korlaet, at its session held on 13th February 2023, passed a decision appointing Kristijan Starčević as a new member of the Supervisory Board. The previous member of the Supervisory Board, Ratko Bajakić, resigned from the member position of the Supervisory Board for personal reasons.
This is the second increase in Zagrebački holding's credit rating in the past few months and, among other things, reflects the agency's expectations that Zagrebački holding, with the implementation of the initiated organizational, operational and financial restructuring measures, will reach the planned goals by the end of this year despite the challenging macroeconomic and energy environment.
Moody's raised Zagreb Holding's long-term rating by two levels on Tuesday (July 19th 2022), from Ba1 to Baa2, placing it in the investment category, with a stable outlook. The credit rating followed Moody's decision to raise the rating of the Republic of Croatia on July 15, 2022.