Q:
A:
Serbia’s credit rating improved
Belgrade,
16 March 2011
The Ministry of Finance announced today that the improvement of Serbia's credit rating by Standard & Poor’s from “BB-“ to “BB” is a confirmation that the Serbian government has conducted a good economic policy, especially taking into account the period of crisis.
A statement by the Ministry reads that a better credit rating will improve the general investment climate in Serbia and underlines that “BB” is the best rating Serbia has ever received from this agency and is the rating given to some countries that are EU candidates.
Serbia's credit rating, in the part related to outlooks, has remained stable, which means that the agency does not expect negative changes in Serbia’s main economic indicators.
This rating was given due to Serbia’s political stability, the consensus regarding Serbia’s future in the EU, as well as due to results achieved in implementing programmes with the International Monetary Fund (IMF).
A positive evaluation was given to structural reforms and reforms of the fiscal sector, as well as the Serbian government's plan to reduce the fiscal deficit to 1% of GDP by 2015 and that public debt does not exceed 45% of GDP.
Serbia's credit rating, in the part related to outlooks, has remained stable, which means that the agency does not expect negative changes in Serbia’s main economic indicators.
This rating was given due to Serbia’s political stability, the consensus regarding Serbia’s future in the EU, as well as due to results achieved in implementing programmes with the International Monetary Fund (IMF).
A positive evaluation was given to structural reforms and reforms of the fiscal sector, as well as the Serbian government's plan to reduce the fiscal deficit to 1% of GDP by 2015 and that public debt does not exceed 45% of GDP.
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