Finance minister: Serbia is the only non-EU country in the region that has an investment-grade credit rating

NEWS 05.10.202415:31 0 komentara
SINIŠA MALI
TANJUG/ VLADIMIR ŠPORČIĆ

Serbia's Finance Minister, Sinisa Mali, said Serbia is the only country in the region that is not a member of the European Union but still received an investment-grade credit rating and that this opens the door to the world's major professional investors. Pročitaj više

The Ministry of Finance announced that the Credit Rating Agency „S&P Global Ratings“ increased Serbia’s credit rating to investment grade, at the „BBB-“ level with stable prospects for further improvement.

„The credit rating reflects the country’s ability and willingness to pay its financial obligations on time and in full. We know very well how important investments are and what they entail. First of all, GDP development, new jobs, and so on. Credit rating agencies have a significant influence on the financial market because investors compare the degree of risk that is acceptable to them,“ said the minister.

In an interview with Politika, Mali said that he expects the other two rating agencies to issue an investment rating for Serbia next year.

The governor of the National Bank of Serbia, Jorgovanka Tabakovic, said that Serbia getting an investment-grade credit rating is a historic step that confirms that the country has joined the ranks of states that are particularly important in terms of investment.

„Obtaining an investment grade rating by Standard & Poor’s additionally obliges us to continue to preserve macroeconomic stability and favourable growth prospects in the coming period, as well as to further strengthen and develop our economy. I believe that our approach like this will result in a further improvement of the credit rating in the coming years as well“, said Tabakovic.

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