Croatia public debt to grow \\\'without reforms\\\'

ZAGREB, Aug 10 (Xinhua): Croatia's public debt will continue to grow without structural reforms and economic growth, financial expert said on Saturday after Fitch Ratings downgraded the country's credit rating.

Fitch Ratings on Friday downgraded Croatia's long-term foreign currency Issuer Default Rating (IDR) to "BB" from "BB+" and local currency IDR to "BB+" from "BBB-" with an outlooks of stable.

Stojic, the head of the Hypo Alpe Adria Bank's Economic Research Department, said the downgrade mainly resulted from unsustainable movement of the public debt, the Croatian News Agency Hina reported.