Republic of Serbia’s long-term credit rating

The Republic of Serbia cooperates with S&P, Fitch and Moody’s. These two agencies assess its short- and long-term foreign currency and local currency credit rating. The table below shows the current long-term foreign currency credit ratings of the Republic of Serbia, as assigned by previously mentioned agencies.

  Rating Date Action
Standard and Poor’s BBB- / stable outlook 04 October 2024 Rating upgrated
Fitch Ratings BB+ / positive outlook 09 August 2024 Rating affirmed
Moody’s Investors Service Ba2 / positive outlook 30 August 2024 Rating affirmed

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

  • Date Rating Action
    04/ 10/ 2024 BBB- / stable outlook Rating upgrated
    Press release
    05/ 04/ 2024 BB+ / positive outlook Rating affirmed
    Press release
    06/ 10/ 2023 BB+ / stable outlook Rating affirmed
    Press release
    10/ 04/ 2023 BB+ / stable outlook Rating affirmed
    09/ 12/ 2022 BB+ / stable outlook Rating affirmed
    Press release
    10/ 06/ 2022 BB+ / stable outlook Rating affirmed
    Press release
    10/ 12/ 2021 BB+ / positive outlook Rating affirmed
    Press release
    11/ 06/ 2021 BB+ / stable outlook Rating affirmed
    Press release
    14/ 12/ 2020 BB+ / stable outlook Rating affirmed
    01/ 05/ 2020 BB+ / stable outlook Rating affirmed
    Press release
    13/ 12/ 2019 BB+ / positive outlook Rating upgraded
    Press release
    15/ 06/ 2019 BB / positive outlook Rating affirmed
    14/ 12/ 2018 BB / positive outlook Rating affirmed
    Press release
    15/ 06/ 2018 BB / stable outlook Rating affirmed
    Press release
    15/ 12/ 2017 BB / stable outlook Rating upgraded
    Press release
    16/ 06/ 2017 BB- / positive outlook Rating affirmed
    Press release
    16/ 12/ 2016 BB- / positive outlook Rating affirmed
    Press release
    01/ 07/ 2016 BB- / stable outlook Rating affirmed
    Press release
    15/ 01/ 2016 BB- / stable outlook Rating affirmed
    Press release
    17/ 07/ 2015 BB- /negative outlook Rating affirmed
    Press release
    16/ 01/ 2015 BB- /negative outlook Rating affirmed
    Press release
    11/ 04/ 2014 BB- /negative outlook Rating affirmed
    Press release
    25/ 10/ 2013 BB- /negative outlook Rating affirmed
    Press release
    28/ 03/ 2013 BB- /negative outlook Rating affirmed
    Press release
    07/ 08/ 2012 BB- /negative outlook Rating affirmed
    Press release
    16/ 03/ 2012 BB / stable outlook Rating affirmed
    Press release
    16/ 03/ 2011 BB / stable outlook Rating upgraded
    Press release
    01/ 12/ 2009/ BB- / stable outlook Rating affirmed
    Press release
    31/ 07/ 2009 BB- /negative outlook Rating affirmed
    Press release
    19/ 12/ 2008 BB- /negative outlook Rating affirmed
    Press release
    11/ 03/ 2008 BB- /negative outlook Rating affirmed
    Press release
    10/ 07/ 2007 BB- / stable outlook Rating affirmed
    Press release
    25/ 04/ 2007 BB- / positive outlook Rating affirmed
    Press release
    28/ 02/ 2006 BB- / positive outlook Rating affirmed
    Press release
    18/ 07/ 2005 BB- / stable outlook Rating upgraded
    Press release
    08/ 04/ 2005 B+ / stable outlook Rating affirmed
    Press release
    01/ 11/ 2004 B+ / stable outlook Rating assigned
    Press release

    Source: Standard and Poor’s

  • Date Rating Action
    30/08/2024 Ba2 / positive outlook Rating affirmed
    press release
    08/09/2023 Ba2 / stable outlook Rating affirmed
    press release
    12/03/2021 Ba2 / stable outlook Rating upgraded
    press release
    02/09/2020 Ba3 / positive outlook Rating affirmed
    press release
    06/09/2019 Ba3 / positive outlook Rating affirmed
    press release
    17/03/2017 Bа3 / stable outlook Rating upgraded
    press release
    14/07/2013 B1 / positive outlook Rating affirmed
    press release
    14/07/2013 B1 / stable outlook Rating assigned
    press release

    Source: Moody’s Investors Service

     

Serbia got its first credit rating (B+, stable outlook) from S&P on 1 November 2004. The assignment of credit rating by Fitch followed in 2005 (BB-, stable outlook), while Moody’s awarded its first credit rating to Serbia (B1, stable outlook) on 14 July 2013. . The tables below give a historical overview of Serbia’s long-term foreign currency credit ratings.