Credit ratings of the home countries of banks operating in the Republic of Serbia

The table below shows long-term foreign currency and local currency credit ratings awarded by S&P, Fitch and/or Moody’s to the home countries of banks operating in the financial market of the Republic of Serbia.

Date of last credit rating change: 3 December 2021
Country Country rating agency – long-term borrowing rating
Standard and Poor’s Fitch Ratings Moody’s Investors Service
Foreign currency Local currency Foreign currency Local currency Foreign currency Local currency
Austria АА+ АА+ АА+ АА+ Аa1 Аa1
Greece BB BB BB BB Ba3 Ba3
Italy BBB BBB BBB BBB Bаа3 Bаа3
Hyngary BBB BBB BBB BBB Bаа2 Bаа2
Germany ААА ААА ААА ААА Ааа Ааа
Russia BBB- BBB BBB BBB Bаа3 Bаа3
USA AA+  AA+  ААА ААА Ааа Ааа
Slovenia АА- АА- А А A3 A3
France АА АА АА АА Аа2 Аа2
Norway ААА ААА ААА ААА Ааа Ааа
Turkey B+ BB-  BB-  BB-  B2 B2
United Arab Emirates - - - - Аа2 Аа2
China А+ А+ А+ А+ А1 А1


Source: Standard and Poor’s, Fitch Ratings and Moody’s Investors Service.