Fitch upgraded Serbia to BB+

Fitch upgraded Serbia to BB+

Published at: 2019-09-30 12:45 | Author: CIJ Serbia
The agency Fitch has upgraded Serbia’s long term foreign currency issuer default ratings from BB to BB+ while declaring its outlook to be stable. Fitch noted that the country's macroeconomic situation has improved in recent years. " The government has maintained fiscal discipline following the large consolidation effort that delivered general government surpluses averaging 0.9% of GDP in 2017-2018, from a deficit of 6.2% in 2014." It praised the country's success in improving tax revenue collection, nothing that the country ran a 0.7 percent fiscal surplus over the first half of 2019.

Similar Stories:

Construction slowing down in South Florida
According to data compiled by Dodge Data & Analytics, construction spending was down 2  »
Higher prices weighing down South Florida construction
According to construction research from Dodge Data & Analytics, spending on new constr  »
Florida's projected economic growth quickens in October
A new study by e-forecasting.com, Florida’s leading indicator (a measurement of economic  »
October construction contracts collapse in South Florida
A new report from Dodge Data & Analytics shows that South Florida builders encountered  »