Moody's Investors Service upgrades LT- foreign currency credit rating of Serbia to "Ba3" from "B1"; outlook stable

March 20, 2017 - CBonds

 

Moody's Investors Service upgraded to "Ba3" from "B1" the LT- foreign currency credit rating of Serbia on March 17, 2017. The outlook is stable.
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Issuer: Serbia
Issuer profile:
The borrowing requirements are determined by the budget deficit and the borrowing criteria by the existing debt portfolio, that are defined by The Budget Law of The Republic of Serbia.

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Outstanding issues:
5 issuesUSD6,330,000,000
48 issuesEUR13,026,198,000
43 issuesRSD626,364,932,304
Issuer rating:
RIA RatingBB-/StableSovereign ratings09/04/2015
Dagong CreditB+/StableInternational scale rating (foreign curr.)01/22/2017
Dagong CreditB+/StableInternational scale rating (local curr.)01/22/2017
Organisation for Economic Co-operation and Development (OECD)5/Country Risk Classifications01/27/2017
Moody's Investors ServiceBa3/StableLT- foreign currency03/17/2017
Moody's Investors ServiceBa3/StableLT- local currency03/17/2017
S&P Global RatingsBB-/PositiveForeign Currency LT12/16/2016
S&P Global RatingsBB-/PositiveLocal Currency LT12/16/2016
Fitch RatingsBB-/StableLT Int. Scale (foreign curr.)12/16/2016
Fitch RatingsBB-/StableLT Int. Scale (local curr.)12/16/2016
National Rating AgencyiB-/StableGlobal scale09/30/2016