NBS: Serbia's outlook improved from stable to positive

BELGRADE - After Standard & Poor's and Fitch, the world's third most renowned rating agency, Moody's, has improved Serbia's outlook from stable to positive, affirming the ratings at Ba2, the National Bank of Serbia (NBS) says.

"The move marks the continuation of positive assessments of macroeconomic developments in Serbia by eminent institutions, as well as estimates of its favourable growth prospects.

In its report, Moody's emphasises that the prospects of Serbia's GDP growth proved to exceed their expectations, attesting to the strength of our economy," the central bank said in a statement.

"The fact that all three of the world's most important rating agencies have improved the outlook for Serbia's rating in recent months only shows that in the previous years we responded appropriately to all challenges and that, along with mitigating the negative effects of...