Fitch affirms Serbia's B+ credit rating
The Fitch Ratings credit rating agency has affirmed Serbia's B+ credit rating, the Public Debt Administration announced on Monday.
Monday, 12.01.2015.
16:15
Fitch affirms Serbia's B+ credit rating
In January last year, the agency downgraded Serbia's rating from BB - with negative outlook to B+ with stable outlook.As the key reasons behind the decision, the agency cited a deficit growth in 2014 and the general public debt condition relative to the level of GDP.
A lack of structural reforms in the previous years was also cited as one of the reasons.
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