Report title: S&PCORRECT: Republic of Serbia L-T 'BB-' Rating Affirmed; Outlook Positive
from S&P Credit Research
784 word report published Apr 25, 2007

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Abstract: LONDON (Standard&Poor's) April 25, 2007--Standard&Poor's Ratings Services said today it affirmed its BB-' long-term and 'B' short-term foreign and local currency sovereign credit ratings on the Republic of Serbia. The outlook is positive. "The ratings on Serbia remain constrained by significant political risks relating to the status of Kosovo and the inability to date to form a national government following the January 2007 elections," said Standard&Poor's credit analyst Sladana Tepic. "The ratings are supported, however, by good macroeconomic prospects. The delay since May 2006 in Stabilization and Association Agreement talks (SAA), which concern Serbia's potential integration into the EU, could increase the risk of policy reversal. It is expected, however, that the prospect of

Brief Excerpt: RESEARCH Ratings Definitions S&PCORRECT: Republic of Serbia L-T '##-' Rating Affirmed; Outlook Positive Publication date: 25-Apr-2007 Primary Credit Analyst: Sladana Tepic, London (44) 20-7176-7125; sladana_tepic@standardandpoors.com...

Report Type: Ratings Action
Issuer: Serbia (Republic of)
Sector: Global Issuers, Sovereigns
Region: Europe, Middle East, Africa
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