The Ministry of Finance announced that the rating agency Standard & Poor's has upgraded the credit rating of the Republic of Serbia from "BB" to "BB +", with a positive outlook for further improvement.
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The Ministry of Finance announced that the rating agency Standard & Poor's has upgraded the credit rating of the Republic of Serbia from "BB" to "BB +", with a positive outlook for further improvement.
Finance Minister Sinisa Mali estimated it to be the best award at the end of 2019, because thanks to that and the previous estimates, Serbia will be even better positioned in the global financial market and will reach an investment rating faster.
One of the world's largest rating agencies confirmed our good results. They particularly praise the fact that we are reducing the level of public debt and that we are reducing the share of dollar debt, thanks primarily to the successful issuance of Eurobonds on the international financial market, the Minister said.
In addition, he added, they praise our fiscal results, ie the budget surplus, as well as the level of foreign direct investment, which is particularly important to us.
According to Mali, thanks to this increase, we are now one step away from the investment rating and we believe that we will reach it as early as next year, whereby it is important to continue with good results.