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:

Building permit volume up 8.8% in October
A total of 2,343 building permits were issued in Serbia in October, up 8.8 percent from th  »
Hungary ranks 10th in economic complexity report
Hungary was 10th in an economic complexity ranking conducted by Harvard’s Growth Lab. Th  »
Montenegrin construction output up 31.4% in Q3
Construction output in Montenegro increased by 31.4 percent y-o-y between July and Septemb  »
Investments hit record high in Hungary
The investment volume has reached a record high in Hungary, with 62 projects signed during  »
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   »