Current Serbia credit ratings, according to main rating agencies.

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Rating Agency Rating Outlook Last Update Action
Standard & Poor's BB positive 17 Dec 2018 outlook upgrade
Moody's Investors Service Ba3 positive 7 Sep 2019 outlook upgrade
Fitch Ratings BB+ - 28 Sep 2019 rating upgrade
DBRS - -

Serbia Credit Ratings: Long-term Rating Scales Comparison

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Description S&P Moody's Fitch DBRS Grade
Prime AAA Aaa AAA AAA Investment
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 BB+ Ba1 BB+ BB(high) Speculative
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 Ca C C
In Default RD C RD RD
SD / SD SD
D / D D

Serbia Credit Ratings historical data

Agencies:

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
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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