investment grade story

Serbia’s investment-grade upgrade meets bond-market execution in April 2026

Standard & Poor’s assigned Serbia an investment-grade BBB- rating with a stable outlook in October 2024. Fitch kept Serbia at BB+ with a positive outlook in January 2026, while Moody’s maintained a Ba2 rating in February 2026, shifting its outlook from positive to stable. The three-agency picture places Serbia in a transition range, with one rating already at investment grade and others still below that threshold. The rating shift has coincided with funding activity in international markets. In April 2026,…