Credit ratings agency D&B says Serbian economy will consolidate in 2010.

By bne IntelliNews January 6, 2010
The international credit ratings agency Dun & Bradstreet (D&B) has kept Serbia 's rating at high-risk DB5a, but assessed that the country's economy would consolidate this year. D&B analysts have stated that the economy has started to gradually recover, but stressed that higher economic growth is not likely in the short run. Although signs of recovery are evident, company earnings are still low and access to financing is still limited, D&B said. Access to financing will remain limited in 2010, while foreign investments are likely to stay modest, D&B said, adding that Serbia 's economy will continue with rebalancing throughout 2010. Low domestic demand will continue to contribute to adjustments in both trade and current account deficits, the credit ratings agency concluded.

 

BANKING AND FINANCE

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