Fitch Ratings Upgrades Serbia´s Credit Rating
(WorldNews Europe)

Fitch Ratings Upgrades Serbia`s Credit Rating Fitch Ratings has upgraded Serbia`s long-term foreign and local currency issuer default ratings to `BB` from `BB-`. The outlooks are stable. As assessed by Fitch, the upgrade reflects successful fiscal consolidation, a track record of fiscal over-performance, and a sharp decline in public debt. Other important rating drivers include a reduction in external imbalances, preservation of price stability and the stability of the banking sector....