Current Serbia credit ratings, according to main rating agencies.

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Rating Agency Rating Outlook Last Update Action
Standard & Poor's BB+ - 11 Jun 2022 outlook downgrade
Moody's Investors Service Ba2 - 13 Mar 2021 rating upgrade
Fitch Ratings BB+ - 28 Sep 2019 rating upgrade
DBRS - -

Serbia: Long-term Rating Scales Comparison

Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

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Grade Description S&P Moody's Fitch DBRS
Investment
Grade
Prime
AAA
Aaa
AAA
AAA
High Medium Grade
AA+
Aa1
AA+
AA(high)
AA
Aa2
AA
AA
AA-
Aa3
AA-
AA(low)
Upper Medium Grade
A+
A1
A+
A(high)
A
A2
A
A
A-
A3
A-
A(low)
Lower Medium Grade
BBB+
Baa1
BBB+
BBB(high)
BBB
Baa2
BBB
BBB
BBB-
Baa3
BBB-
BBB(low)
Speculative
Grade
Speculative
BB+
Ba1
BB+
BB(high)
BB
Ba2
BB
BB
BB-
Ba3
BB-
BB(low)
Highly Speculative
B+
B1
B+
B(high)
B
B2
B
B
B-
B3
B-
B(low)
Substantial Risk
CCC+
Caa1
CCC+
CCC(high)
CCC
Caa2
CCC
CCC
CCC-
Caa3
CCC-
CCC(low)
Extremely Speculative
CC
Ca
CC
CC
C
C
C
C
In Default
RD
/
RD
RD
SD
/
SD
SD
D•NR
D•NR
D•NR
D•NR

Serbia Credit Ratings historical data

Not enough data.

Timetable of Serbia credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

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Date S&P Moody's Fitch DBRS
11 Jun 2022 BB+
1 Jun 2022 BB+
13 Mar 2021 Ba2
2 May 2020 BB+
14 Dec 2019 BB+
28 Sep 2019 BB+
7 Sep 2019 Ba3
17 Dec 2018 BB
15 Dec 2017 BB BB
17 Mar 2017 Ba3
16 Dec 2016 BB-
17 Jun 2016 BB-
18 Mar 2016 B1
15 Jan 2016 BB-
18 Dec 2015 B+
17 Jan 2014 B+
14 Jul 2013 B1
16 Aug 2012 BB-
7 Aug 2012 BB-
16 Mar 2011 BB
11 Nov 2010 BB-
1 Dec 2009 BB-
23 Dec 2008 BB-
11 Mar 2008 BB-
10 Jul 2007 BB-
28 Feb 2006 BB-
18 Jul 2005 BB-
19 May 2005 BB-
1 Nov 2004 B+

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