Mali: Investment-grade rating opens completely new chapter in Serbia's development

BELGRADE - Serbian First Deputy PM and Finance Minister Sinisa Mali said at the weekend a decision by Standard & Poor's to revise upwards Serbia's credit rating to an investment-grade BBB- rating with a stable outlook opened a completely new chapter in Serbia's further accelerated economic development.

Standard and Poor's, one of the world's top three credit rating agencies, announced the decision on Friday evening.

"For the first time in our history, Serbia has been given an investment-grade credit rating. From being a developing country with a speculative rating under the methodology of credit rating agencies, Serbia is transitioning, for the first time ever, to a country that is a developed country and absolutely safe and secure to invest in," Mali noted.

This is the biggest-ever success of the Serbian economy and the country's public finances, Mali said.

"A completely new chapter of further accelerated growth and development of our economy is opening, which is a turning point in our economic history," Mali said.