Moody's rates Serbia B1

Moody's Investors Service said it assigned B1 local- and foreign-currency bond ratings to the Government of Serbia.

The outlook is stable.

The B1 ratings reflect the government's rising fiscal deficits and debt levels, the economy's subdued near-term growth prospects and wide current account deficits, and the institutional benefits of Serbia's future European Union accession process, according to the agency.

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