Fitch upgraded Serbia to BB+

Fitch upgraded Serbia to BB+

Published at: 2019-09-30 12:45 | Author: CIJ Serbia
The agency Fitch has upgraded Serbia’s long term foreign currency issuer default ratings from BB to BB+ while declaring its outlook to be stable. Fitch noted that the country's macroeconomic situation has improved in recent years. " The government has maintained fiscal discipline following the large consolidation effort that delivered general government surpluses averaging 0.9% of GDP in 2017-2018, from a deficit of 6.2% in 2014." It praised the country's success in improving tax revenue collection, nothing that the country ran a 0.7 percent fiscal surplus over the first half of 2019.

Similar Stories:

Hungary’s PMI falls to 29 points in March
Hungaryʼs seasonally-adjusted PMI reading fell to 29.1 points in March from 50.3 points t  »
Real income rose 5.6% for Czechs in 2019
Czechs enjoyed real income growth of 5.6 percent in 2019, the fastest pace over the course  »
Czech wage inflation slowing as teachers catch up
The average gross wage in the Czech Republic rose 6.7 percent in the last quarter of 2019  »
Drop in Czech air traffic warns of major airline losses
The Czech Air Navigation Services company says the number of planes flying to and over the  »
Poland failed to win the next Jaguar and Land Rover factory, on which the automobile giant   »
hat the problems of the sector were never going to come from that side of the development   »
But last year also marked another important deal for Poland, as Norges Bank Investment Man   »