Story perspectives

Serbia's Ratings Stable Amid Political Risks and Protests

3/18/2026

Summary

Story summary

The Ministry of Finance of Serbia reaffirmed fiscal discipline after Standard & Poor’s confirmed Serbia's BBB- rating with a stable outlook.
Moody’s changed Serbia’s outlook from positive to stable due to higher political risks and volatility.
Fitch Ratings kept Serbia’s BB+ rating with a positive outlook.
S&P expects 2026 growth of 3.3%, supported by infrastructure projects, despite protests since November 2024 and limited EU progress over rule-of-law concerns.

History

Historical Context

Following the overthrow of Slobodan Miloševic in 2000, Serbia began significant economic reforms, supported by a $1.2 billion loan from the International Monetary Fund. These reforms aimed to stabilize the economy after years of turmoil, including hyperinflation and international sanctions. Today, Serbia's credit ratings reflect ongoing efforts to manage economic volatility, with growth projected at 3.3% in 2026 amid EU integration challenges.

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Story summary

The Ministry of Finance of Serbia reaffirmed fiscal discipline after Standard & Poor’s confirmed Serbia's BBB- rating with a stable outlook.
Moody’s changed Serbia’s outlook from positive to stable due to higher political risks and volatility.
Fitch Ratings kept Serbia’s BB+ rating with a positive outlook.
S&P expects 2026 growth of 3.3%, supported by infrastructure projects, despite protests since November 2024 and limited EU progress over rule-of-law concerns.

1 / 2