Fitch maintains Serbia's BB+ rating - Increased prospects for obtaining an investment rating

In its latest report for Serbia, the rating agency Fitch increased the outlook for obtaining an investment grade rating from stable to positive, while maintaining the rating at the BB+ level. This rating by Fitch comes after the rating agency Standard & Poor's increased Serbia's prospects for a credit rating increase in April of this year. Thus, according to the assessment of two of the three most influential world rating agencies, Serbia found itself half a step away from a historic success - obtaining an investment grade credit rating, which will also place Serbia in the group of countries with high investment certainty from the point of view of the credit rating agencies, something market participants have been recognizing for years, announced the National Bank of Serbia.

The decision to improve the prospects for increasing Serbia's credit rating was made, according to the rating agency, on the basis of the resilience shown by the domestic economy in the turbulent period of the previous years, during which a strong external position and a declining path of public debt were preserved, along with an investment cycle that should to support the acceleration of economic growth in the short and medium term, according to the announcement.

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National Bank of Serbia

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