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Financial Stability | Investor Relations

Credit ratings of the home countries of banks operating in the Republic of Serbia

The table below shows long-term foreign currency and local currency credit ratings awarded by S&P, Fitch and/or Moody’s to the home countries of banks operating in the financial market of the Republic of Serbia.

Country Country Rating agency – long-term borrowing rating
Standard and Poor’s Fitch Ratings Moody’s Investors Service
Foreign currency Local currency Foreign currency Local currency Foreign currency Local currency
Austria AA+ AA+ AA+ AA+ Aa1 Aa1
Greece B+ B+ BB- BB- B1 B1
Italy BBB BBB BBB BBB Baa3 Baa3
Hungary BBB BBB BBB BBB Baa3 Baa3
Germany AAA AAA AAA AAA Aaa Aaa
Russia BBB- BBB BBB- BBB- Baa3 Baa3
USA AA+ AA+ AAA AAA Aaa Aaa
Slovenia A+ A+ A- A- Baa1 Baa1
France AA AA AA AA Aa2 Aa2
Norway AAA AAA AAA AAA Aaa Aaa
Turkey B+ BB- BB BB+ Ba3 Ba3
United Arab Emirates - - - - Аa2 Аa2
China А+ A+ А+ А+  А1 А1

Source: Standard and Poor’s, Fitch Ratings and Moody’s Investors Service.

Date of last credit rating change: March 19, 2019