Credit Rating of the Republic of Serbia

The Republic of Serbia has taken significant steps to improve its legal and tax system in order to enhance its competitiveness in the Southeast European region. Policy alignment with EU standards has had a positive impact on the country’s business environment.

As a result of these efforts, the Republic of Serbia achieved an investment-grade rating for the first time in 2024. S&P Global Ratings has raised the country’s rating to BBB- with a stable outlook. This assessment is based on a comprehensive analysis that includes the effectiveness of monetary policy, the structure and growth prospects of the economy, the external position of the state, and the ability to maintain a balanced budget.

This significant progress reflects state’s economic development and financial stability. As the first country in the Western Balkans and the only candidate for EU membership with an investment grade credit rating, the Republic of Serbia now has access to lower financing costs, larger international capital markets and increased investor confidence.

These factors, combined with ongoing legal reforms and efforts to reduce bureaucracy, are positioning the Republic of Serbia as an attractive and promising investment destination.