London, 25 November 2016 -- Serbia's credit strengths include the diversification of its economy, which recovered from the recession in 2015, and a well-educated workforce. However, Moody's notes in a report published today that the past rapid deterioration in fiscal and debt metrics still poses challenges. The positive outlook on Serbia's B1 rating reflects partly the systemic overhaul under the three-year IMF stand-by-arrangement, which had yielded robust economic growth and significant fiscal adjustments.
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