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.
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