S&P Lowers Credit Rating for Serbia
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Stoney Creek, Canada
#1 Aug 8, 2012
Standard & Poor's Ratings Services downgraded its foreign-currency credit rating on the Republic of Serbia by one notch, citing the government's failure to quickly adopt policies that would promote confidence in its monetary policy regime and restore post-election fiscal stability.
The junk-territory rating was lowered to double-B-minus and the outlook is negative, S&P said, warning that the deficits could lead to ...
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