Emerging Markets Special Focus Reports
19 December 2017
Galateia Phoka, Eurobank Research Economist
Ivan Radovic, Head of Strategy and Market Research, Eurobank a.d. Beograd
In line with our expectations, S&P upgraded on December 15th its long-term foreign and local currency sovereign credit ratings on Serbia at “BB” from “BB-”, with stable outlook and affirmed the “B” short-term foreign and local currency sovereign credit ratings. In a similar move on Friday, Fitch also revised upwards Serbia’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'BB' with a Stable Outlook.
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