Regulatory Alerts2018-05-16
Decision Specifying Issuer Credit Rating for Long-term Debt Securities that Residents May Invest in Abroad
The National Bank of Serbia issued this Decision to define the credit rating requirements for long-term debt securities that residents may purchase abroad. Residents are permitted to invest in such securities only if the issuer is domiciled in an OECD member state and the securities hold a minimum long-term credit rating of A by Standard & Poor’s or Fitch, or A2 by Moody’s. Additionally, specific financial institutions may invest according to their own governing laws, and all residents must report these transactions to the National Bank of Serbia.
Share