bonds

Serbia’s Investment-Grade Rating Faces Global Risk as Sovereign Spread Remains Elevated

Serbia’s investment-grade status has expanded its potential investor base, while sovereign borrowing costs continue to reflect global market conditions and geopolitical uncertainty. The country’s euro-denominated sovereign risk premium stood at 165 basis points at the end of August 2026, down 7 basis points from July but still 5 basis points above the end of 2025. The National Bank of Serbia has attributed movements in the risk premium this year largely to heightened global uncertainty and geopolitical risks, with Serbia following…