“Credit rating needs to improve more”

National Bank of Serbia (NBS) Governor Dejan Soskic said Friday that the rise in Serbia's credit rating, from BB- to BB, was a good sign. He added however that the investors still did not see Serbia as very interesting, so the credit rating had to be improved further. “Credit rating needs to improve more” Soskic told a news conference that any improvement in the rating improved the overall image when it came to investment risks. "It is a good sign, but no cause for celebration. Instead it should be an incentive to continue working towards a stable macro-economy and financial system," he stressed. “The agencies that determine a country's credit rating take a whole series of parameters into account, and Serbia must improve each of them because it is the only way to get better rating,” the NBS governor remarked. A member of the European Central Bank Executive Board Gertrude Tumpel-Gugerell said the improvement in Serbia's image as an investment destination was welcome. Head of the EU Delegation to Serbia Vincent Degert thinks the higher rating is the result of Serbia's commitment to EU integration and the arrival of macroeconomic stability with help from the International Monetary Fund (IMF). “The government’s efforts to ensure the rule of law were also responsible for the improvement,” Degert added.

“Credit rating needs to improve more”

Šoškić told a news conference that any improvement in the rating improved the overall image when it came to investment risks.

"It is a good sign, but no cause for celebration. Instead it should be an incentive to continue working towards a stable macro-economy and financial system," he stressed.

“The agencies that determine a country's credit rating take a whole series of parameters into account, and Serbia must improve each of them because it is the only way to get better rating,” the NBS governor remarked.

A member of the European Central Bank Executive Board Gertrude Tumpel-Gugerell said the improvement in Serbia's image as an investment destination was welcome.

Head of the EU Delegation to Serbia Vincent Degert thinks the higher rating is the result of Serbia's commitment to EU integration and the arrival of macroeconomic stability with help from the International Monetary Fund (IMF).

“The government’s efforts to ensure the rule of law were also responsible for the improvement,” Degert added.