financial market

Serbia’s Investment-Grade Rating Contrasts With Elevated Sovereign Risk Premium

Serbia's sovereign credit standing has improved, but international investors continue to price its debt at levels associated with emerging markets. The difference is reflected in the country's credit ratings and its Euro EMBIG risk premium, which reached 185 basis points at the end of September 2026. Standard & Poor's upgraded Serbia to BBB-, the lowest investment-grade rating, in October 2024. The other major rating agencies have not yet followed with equivalent assessments. Moody's assigns Serbia a Ba2 rating with a…