Fitch Ratings affirms Serbia’s rating at BB+ and positive outlook for investment grade

In the latest report for Serbia, Fitch Ratings has affirmed positive investment-grade outlook for Serbia and kept the rating at BB+, announced the National Bank of Serbia.

According to the rating agency, the decision to affirm the positive outlook for Serbia has been supported by a sound policy mix, including a track record of prudent fiscal management, robust economic growth outlook, strong FX reserves, and stronger GDP per capita compared with the ’BB’ median.

A positive outlook, it is added, also reflects robust investment-led economic growth, underpinned by the “Leap into the Future – Serbia Expo 2027” program, continued reduction in the share of public debt in GDP, a strengthened external position, and sound management of the recent inflation shock.

Fitch forecasts real GDP growth to rise from an expected 3.9% in 2024 to 4.2% in 2025 and 4.4% in 2026, with trend growth estimated at 4%.

Narodna banka Srbije Beograd

National Bank of Serbia

NBS

Fitch credit rating agency

Jorgovanka Tabaković

credit rating

investment grade rating