NBS: Rating agencies kept stable outlook for Serbia

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The rating agencies Fitch (Fitch Ratings) and Standard & Poor’s have assessed that Serbia kept stable outlook for improving the credit rating for long-term borrowing in domestic and foreign currencies at the BB level.

As the National Bank of Serbia has stated, the decision of the agency S&P to keep the stable outlook for increasing the credit rating was governed by “favourable prospects for further economic growth and excellent fiscal indicators”.

The agency particularly emphasizes the long-term preservation of price stability, as well as the significant improvement of the external position and increased resistance to shocks from the international environment, which was achieved owing to strong export growth.

The agency Standard & Poor’s assesses that inflation will remain within the target goal of 3±1.5 percent in the medium term, and that the current account deficit will remain at a sustainable level. It has also been assessed that the banking sector is adequately capitalized and liquid.

Source: Beta

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