December 15, 2017 / 9:19 PM / 10 months ago

BRIEF-S&P Raises Serbia's Rating To 'BB', Lowers Outlook To Stable

Dec 15 (Reuters) - S&P:

* S&P RAISES SERBIA’S SOVEREIGN CREDIT RATING TO BB FROM BB-; LOWERS OUTLOOK TO STABLE FROM POSITIVE

* SAYS SERBIA LONG-TERM RATING RAISED TO ‘BB’ ON FISCAL OVERPERFORMANCE; OUTLOOK STABLE; ‘B’ SHORT-TERM RATING AFFIRMED

* SAYS RATING UPGRADE REFLECTS SERBIA'S STRONGER FISCAL METRICS, AMID STEADY ECONOMIC RECOVERY, CONTAINED CURRENT ACCOUNT DEFICITS Source text - (bit.ly/2zeZgjq)

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