Tuesday, April 26, 2016

Fitch: Serbia Election Outcome Can Support Further Reform

(The following statement was released by the rating agency)

LONDON, April 26 (Fitch) The victory of Prime Minster Aleksandar

Vucic's

Progressive Party in Serbia's election enables the government to

continue with

its proposed reform and fiscal consolidation agenda, Fitch

Ratings says. This

continuity was one of our assumptions when we revised the

Outlook on Serbia's

'B+' sovereign rating to Positive from Stable in December.

The Electoral Commission said on Monday that the Progressive

Party h

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