BELGRADE (Serbia), March 20 (SeeNews) – Moody’s Investors Service said it has upgraded Serbia’s long-term issuer and senior unsecured ratings to Ba3 from B1 and moved their outlook to “stable” from “positive”.
The key drivers of the upgrade in Serbia’s senior unsecured and long-term issuer ratings are the country’s notable fiscal consolidation which has halted the increase in debt burden and reduces risks to the fiscal position, Moody’s said in a statement late on Friday.
Moreover, the recent structural reforms have increased the resilience of the country’s economy, supporting potential growth, the credit ratings agency said.
The “stable” outlook reflects the balanced risks to Serbia’s credit profile …
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