Republic of Serbia’s long-term credit rating (2024)

FAQs

Republic of Serbia’s long-term credit rating? ›

Fitch

On April 5, 2024, S&P Global Ratings revised its outlook on Serbia to positive from stable. At the same time, we affirmed the 'BB+/B' long- and short-term foreign and local currency sovereign credit ratings. The transfer and convertibility assessment is 'BBB-'.

Rating Action

On Aug. 9, 2024, S&P Global Ratings affirmed its 'B' long-term issuer credit rating on Republika Srpska, a constituent entity of Bosnia and Herzegovina (BiH; B+/Stable/B). The outlook is stable.

Economies with the highest credit rating at S&P Global Ratings, Fitch and Moody's Investors Service include Germany, Denmark, Netherlands, Sweden, Norway, Switzerland, Luxembourg, Singapore and Australia. Canada is rated AAA by two of the ratings companies.

The national debt in Serbia was forecast to continuously increase between 2024 and 2029 by in total 13.5 billion U.S. dollars (+33.83 percent). After the tenth consecutive increasing year, the national debt is estimated to reach 53.41 billion U.S. dollars and therefore a new peak in 2029.

On August 2, 2024, credit rating agencies Standard & Poor's and Moody's Investors Service confirmed sovereign credit rating on Bosnia and Herzegovina „B+ outlook stable“ and „B3 outlook stable“.

The republic's independence was recognised by the European Community on 6 April 1992 and by the United States on 7 April. On the same day the Serbs' assembly in session in Banja Luka declared a severance of governmental ties with Bosnia and Herzegovina. The name Republika Srpska was adopted on 12 August 1992.

Does Serbia have credit scores? ›

Serbia long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with Serbia sovereign debt.

Some of the top examples include Australia, Canada, Denmark, Germany, Sweden, Switzerland, Norway, and Hong Kong. These are all countries that generally carry a credit rating of AAA.

Transparency International's 2023 Corruption Perceptions Index scored Serbia at 36 on a scale from 0 ("highly corrupt") to 100 ("very clean"). When ranked by score, Serbia ranked 104th among the 180 countries in the Index, where the country ranked first is perceived to have the most honest public sector.

Serbia Inflation Rate Steady at 4.3%

Annual inflation rate in Serbia steadied at 4.3% in August 2024, the same as in July.

The Gross Domestic Product (GDP) in Serbia expanded 4 percent in the second quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in Serbia is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.