Fitch Revises Serbia's Outlook to Positive
On December 2015, Fitch Ratings announced that it has revised Serbia's Outlook to Positive from Stable and affirmed its Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B+'.
The main reasons, above all, were faster economic growth than expected, consistent implementation of the plan of fiscal consolidation and reducing external imbalances. Also, Serbia improved its rankings in the World Bank Doing Business Report 2016 that also has important influence on the final rating.
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