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Novi Sad, Kraljevo i Valjevo to receive credit rating

01. March 2010. | 06:13

Source: limun.hr

Novi Sad, Kraljevo and Valjevo will be the first local government units to receive credit rating of the international agency Moody’s.

Novi Sad, Kraljevo and Valjevo will be the first local government units to receive credit rating of the international agency Moody’s.

The units have proven to be the best places for creditors and investor and will receive their ratings by June 2010, United States Agency for International Development (USAID) said in its statement.

Sixteen Serbia’s towns and communities took part in the competition for ratings .

State Secretary at the Serbian Ministry of Finances Slobodan Ilic said that this day was a turning point for Serbia, since from now on local government units would be transparent and able to convince investors that they were a reliable partner.

Development of all local communities is crucial for Serbia, and the quality of local government proves that small communities in Serbia are worth investing in, Head of USAID mission to Serbia Michael Harvey said.


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01. March - 07. March 2010.