NBS: Serbia's credit rating improves, stable prospects
Standard
and Poor's improved from “negative” to “stable” prospects for Serbia’s credit
rating improvements for long-term indebtness in local and foreign current and confirmed
credit rating of Serbia at level "BB-".
At the
same time, Serbia’s credit rating for short-term indebtness at B level has been
confirmed.
The
Agency estimates that Serbia, as a result of committed implementation of fiscal
consolidation measures, decreased deficit of general country in 2015 to 4,1% GDP.
Apart
from that, it is expected that the third revision of precautions agreement with
IMF ends successfully and that fiscal consolidation and structural reforms will
end which will additionally strengthen trust of investors and contribute to
public finance sustainability.
NBS outlines in the announcement that Standard and Poor's reports that economic growth in 2015 was mainly managed through investments which what significant increase of foreign direct investments shows.
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