Regional Economics & Market Strategy Focus Note – Serbia – Moody’s upgrade on the cards on improving macroeconomic fundamentals (Friday, November 18, 2016)
Moody’s is scheduled to review Serbia’s sovereign credit rating later on Friday. In our view, an upgrade in the long term foreign currency sovereign rating today appears likely. Domestic macroeconomic fundamentals have notably improved over the last couple of years thanks to enhanced domestic political stability, improvement of investor sentiment on the back of an IMF policy anchor, substantial fiscal consolidation and monetary easing, improving credit dynamics and labor market conditions as well as narrowing external imbalances.
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