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Serbia’s credit rating has been confirmed - Serbia Business

Serbia’s credit rating has been confirmed

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Thank to strong economic growth, the credit rating agency Standard and Poor’s, in a report published tonight, improved the prospects for further credit rating increase from stable to positive and confirmed the credit rating of the Republic of Serbia at “BB +”, said the Minister of Finance, Siniša Mali.
– The agency points out that in the next year, objective conditions will be created for increasing the credit rating to the investment level if the projected expectations of inflow from foreign direct investments, growth rate and share of public debt in gross domestic product are exceeded.
Structural improvements in the economy supported by economic policy measures have yielded results in the first half of 2021. This is one of the main reasons for the revision of the expected growth of gross domestic product in 2021 to 7%, while in 2022 growth of over 4% is projected. The Agency cites public investments and private consumption as the main drivers of growth – the Minister stated on Instagram, Novosti reports.