Serbia’s Credit Rating Upgraded

Jun 21, 2016

On June 17 2016, Fitch Ratings announced that it has revised Serbia's Outlook to Stable and upgraded its Long-term foreign and local currency Issuer Default Ratings (IDR) at from 'B+' to ‘BB-‘.

The main reasons, above all, were better macroeconomic performances, political stability, banking sector stability and the government’s full commitment to reforms envisaged by the three-year precautionary stand-by arrangement with the IMF.

For more information, please see here.