Fitch Agency Affirms Serbia’s Credit Rating at One Step to Investment Grade

Fitch Ratings has affirmed Serbia’s rating at ‘BB+’, i.e. a step away from investment grade, with a stable outlook.

According to the website of the National Bank of Serbia (NBS), the agency notes the following key rating drivers underpinning its decision:

– credible macroeconomic policy framework,
– higher level of economic activity measured by GDP per capita, stronger governance and improved human development compared with ’BB’ medians, and
– ordered public finances.

It also listed other reasons behind its decision, namely:

– Serbia’s significantly strengthened external position (lower current account deficit),
– faster economic growth,
– declining inflation,
– proven resilience of the banking sector,
– decreasing public debt,
– much improved energy sector.

Narodna banka Srbije Beograd

Fitch Ratings

National Bank of Serbia

NBS

credit rating of Serbia

credit rating BB plus

investment rating

FX reserves

inflation

public finance

gross domestic product