Serbia may achieve an investment-grade credit rating by 2021, backed by solid economic growth, Erste Group said.
“This could be achieved, given that the fundamentals have improved greatly in the last few years,” Erste Group said in a macroeconomic insights report earlier this week.
The Serbian bond market will remain attractive for international investors if the dovish bias of global central banks remains, Erste Group said.
It can be expected that Serbia will have the same credit rating as Spain and Portugal in the coming period, and better than Italy and Andorra.
1.SWI credit ratings are estimated for the time period 2020-2022.
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