S&P Global Ratings confirms Serbia’s rating at BBB-

The RTS quoted a Finance Ministry press release which said that the S&P Global Ratings report said that Serbia continues to display macroeconomic stability with a credible fiscal policy framework and adequate hard currency reserves despite the increased political uncertainty and energy sector challenges.

It added that the report warned of possible risks in terms of a drop in foreign direct investments and the possible introduction of US sanctions against the national oil company NIS but that Serbia and its US and Russian partners are expected to find a lasting solution to guarantee energy supply security.

“Stable outlook reflects the agency’s assessment that the risks stemming from the domestic and international environment will be balanced by strong domestic demand, support from foreign investments and a further strengthening of fiscal and external buffers,” the Finance Ministry press release said.

The S&P Global Ratings report was released on October 4. The Moody’s agency set Serbia’s rating at Ba2 positive on August 30.