Serbia Rating: Serbia Credit Rating

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Rating Moody's Serbia
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
Rating S&P Serbia
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2022-06-10BB+ (Stable)
2021-12-10BB+ (Positive)
2020-05-01(Stable)
2019-12-13BB+ (Positive)
2018-12-14(Positive)
2017-12-15BB (Stable)2022-06-10BB+
2016-12-16(Positive)2021-12-10BB+
2016-01-15(Stable)2019-12-13BB+
2015-01-16(Negative)2017-12-15BB
2012-08-07BB- (Negative)2012-08-07BB-
2011-03-16BB (Stable)2011-03-16BB2004-11-01B2004-11-01B
S&P: Long term Rating
Rating Fitch Serbia
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2020-03-27BB+2020-03-27B
2019-09-27BB+2019-09-27B
2019-05-03BB2019-05-03B
2020-03-27BB+2018-11-09BB2018-11-09B
2019-09-27BB+ (Stable)2018-06-15BB2018-06-15B
2019-05-03BB2017-12-15BB2017-12-15B
2018-11-09BB2017-06-16BB-2017-06-16B
2018-06-15BB (Stable)2016-12-16BB-2016-12-16B
2017-12-15BB (Stable)2016-07-22BB-2016-07-22B
2017-06-16BB- (Stable)2016-06-17BB-2016-06-17B
2016-12-16BB- (Stable)2015-12-18B+2015-12-18B
2016-07-22BB- (Stable)2015-07-03B+2015-07-03B
2016-06-17BB- (Stable)2015-01-09B+2015-01-09B
2015-12-18B+ (Positive)2014-09-30B+2014-09-30B
2015-07-03B+2014-09-22B+2014-09-22B
2015-01-09B+2014-09-09B+2014-09-09B
2014-09-30B+ (Stable)2014-08-29B+2014-08-29B
2014-09-22B+ (Stable)2014-08-20B+2014-08-20B
2014-09-09B+ (Stable)2014-08-07B+2014-08-07B
2014-08-29B+ (Stable)2014-07-31B+2014-07-31B
2014-08-20B+ (Stable)2014-07-11B+2014-07-11B
2014-08-07B+ (Stable)2014-07-04B+2014-07-04B
2014-07-31B+ (Stable)2014-06-27B+2014-06-27B
2014-07-11B+ (Stable)2014-06-19B+2014-06-19B
2014-07-04B+ (Stable)2014-06-12B+2014-06-12B
2014-06-27B+ (Stable)2014-06-04B+2014-06-04B
2014-06-19B+ (Stable)2014-05-30B+2014-05-30B
2014-06-12B+ (Stable)2014-05-22B+2014-05-22B
2014-06-04B+ (Stable)2014-05-06B+2014-05-06B
2014-05-30B+ (Stable)2014-04-28B+2014-04-28B
2014-05-22B+ (Stable)2014-04-24B+2014-04-24B
2014-05-06B+ (Stable)2014-04-14B+2014-04-14B
2014-04-28B+ (Stable)2014-04-11B+2014-04-11B
2014-04-24B+ (Stable)2014-03-31B+2014-03-31B
2014-04-14B+ (Stable)2014-03-28B+2014-03-28B
2014-04-11B+ (Stable)2014-03-10B+2014-03-10B
2014-03-31B+ (Stable)2014-03-05B+2014-03-05B
2014-03-28B+ (Stable)2014-01-31B+2014-01-31B
2014-03-10B+ (Stable)2014-01-17B+2014-01-17B
2014-03-05B+ (Stable)2013-12-30BB-2013-12-30B
2014-01-31B+ (Stable)2013-12-27BB-2013-12-27B
2014-01-17B+ (Stable)2013-12-18BB-2013-12-18B
2013-12-30BB- (Negative)2013-12-13BB-2013-12-13B
2013-12-27BB- (Negative)2013-12-05BB-2013-12-05B
2013-12-18BB- (Negative)2013-11-25BB-2013-11-25B
2013-12-13BB- (Negative)2013-10-31BB-2013-10-31B
2013-12-05BB- (Negative)2013-10-24BB-2013-10-24B
2013-11-25BB- (Negative)2013-09-30BB-2013-09-30B
2013-10-31BB- (Negative)2013-08-30BB-2013-08-30B
2013-10-24BB- (Negative)2013-07-29BB-2013-07-29B
2013-09-30BB- (Negative)2013-07-26BB-2013-07-26B
2013-08-30BB- (Negative)2013-07-15BB-2013-07-15B
2013-07-29BB- (Negative)2013-07-04BB-2013-07-04B
2013-07-26BB- (Negative)2013-06-24BB-2013-06-24B
2013-07-15BB- (Negative)2013-06-07BB-2013-06-07B
2013-07-04BB- (Negative)2013-05-07BB-2013-05-07B
2013-06-24BB- (Negative)2013-03-08BB-2013-03-08B
2013-06-07BB- (Negative)2013-02-28BB-2013-02-28B
2013-05-07BB- (Negative)2012-11-16BB-2012-11-16B
2013-03-08BB- (Negative)2012-10-12BB-2012-10-12B
2012-08-17BB- (Negative)2012-08-17BB-2012-08-17B
2012-07-12BB- (Stable)2012-07-12BB-2012-07-12B
2012-04-30BB- (Stable)2012-04-30BB-2012-04-30B
2012-02-24BB- (Stable)2012-02-24BB-2012-02-24B
2012-01-18BB- (Stable)2012-01-18BB-2012-01-18B
2011-11-09BB- (Stable)2011-11-09BB-2011-11-09B2020-03-27B
2011-09-22BB- (Stable)2011-09-22BB-2011-09-22B2019-09-27B
2010-11-11BB- (Stable)2010-11-11BB-2010-11-11B2019-05-03B
2008-12-23BB- (Negative)2008-12-23BB-2008-12-23B2018-11-09B
2005-05-19BB- (Stable)2005-05-19BB-2005-05-19B2018-06-15B
Fitch: Long term Rating

GradeMoody'sS&PFitch
PrimeAaaAAAAAA
High gradeAa1AA+AA+
Aa2AAAA
Aa3AA-AA-
Upper medium gradeA1A+A+
A2AA
A3A-A-
Lower medium gradeBaa1BBB+BBB+
Baa2BBBBBB
Baa3BBB-BBB-
Non-investment grade
speculative
Ba1BB+BB+
Ba2BBBB
Ba3BB-BB-
Highly speculativeB1B+B+
B2BB
B3B-B-
Substantial risksCaa1CCC+CCC+
Caa2CCCCCC
Caa3CCC-CCC-
Extremely speculativeCaCCCC
C
In default with little
prospect for recovery
SDRD
In defaultCDD
DD
DDD
Not ratedWRNR
GradeMoodysS&PFitch
High gradeP-1A-1+F1+
Upper medium gradeP-1A-1F1
Lower medium gradeP-2A-2F2
Non-investment grade
speculative
P-3A-3F3
Highly speculativeBB
Extremely speculativeNPCC