Serbia has been awarded an investment-grade credit rating for the first time, with “S&P Global Ratings” upgrading the country’s rating to “BBB-” with stable outlooks, the Ministry of Finance has announced.
This makes Serbia the only country in the Western Balkans, and among EU membership candidates, to hold investment-grade status, a milestone that is expected to attract further foreign investments and reduce borrowing costs significantly.
“S&P” cited Serbia’s strong macroeconomic resilience and disciplined management as key factors for the upgrade, noting that continued policies in this direction are expected. The report highlighted the role of infrastructure projects related to Expo 2027, which have bolstered domestic demand and pushed GDP growth estimates to 4% for 2024 and the coming years.
The report also emphasized that Serbia’s stable economic growth and prudent fiscal policies are expected to manage public debt levels effectively while high foreign reserves and diversified foreign direct investments will help buffer external shocks.
Looking ahead, Serbia’s growth potential remains strong, driven by increasing demand and investments connected to Expo 2027, with stable economic prospects supported by ongoing reforms and a reduction in reliance on regional political stability.