fitch ratings

Fitch Affirms Serbia at BB+ as Positive Outlook Signals Potential Upgrade

Fitch Ratings has affirmed Serbia’s long-term foreign-currency sovereign credit rating at BB+ with a positive outlook, keeping the country one level below investment grade despite improving public finances, solid foreign-exchange reserves and expectations that investment will continue supporting economic growth. The latest decision leaves Serbia with differing assessments from the three major international credit rating agencies. S&P Global Ratings raised the country to investment-grade status in October 2024, while Moody’s continues to assign a Ba2 rating. Fitch’s latest affirmation therefore…