D&B warns of potential risks for Serbia's DB4d ratings.

By bne IntelliNews July 2, 2010
International agency Dun & Bradstreet (D&B) has kept Serbia's business rating unchanged at DB4d, which puts it in the category of medium risk countries, but warned that the rising insolvency domestically bears a potential risk for its ratings. The ongoing dinar weakening is adversely affecting the ability of households and companies to repay their debts, which could in the end lower capital resources of domestic banks, the agency said. D&B also forecast that the economic growth in the country will be slow this and next year, as Serbia still witnesses spillovers from the global crisis. At the same time, D&B highlighted the importance of Serbia's stand-by loan deal with the IMF, key for maintaining investors' confidence. As recalled, D&B has improved Serbia's ratings from high-risk DB5a to moderate risk DB4d.

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