Standard and Poor’s has assigned the Republic of Serbia credit ratings for the first time in its history. S&P gave Serbia a long term sovereign credit rating of ‘B+’ and a short term sovereign credit rating of ‘B.’
Furthermore, S&P assigned Serbia’s upcoming Eurobond issue – the proceeds of which will be used to repay the remaining London Club Debt of USD 1.07 billion – a ‘B+’ long term senior unsecured debt rating.
S&P says the ratings balance significant political risks and a vulnerable external position with expectations of continued prudent economic policies and further progresses in structural reforms. “For the first time it is now possible to compare Serbia’s Credit Risk with other countries,” says a spokesman for Bank Austria Creditanstalt (BA-CA) in Vienna.