BELGRADE, Serbia (AP) — Standard Poor’s has cut Serbia’s credit rating by a nick from fast to negative, and 3 comparison central bank officials have quiescent to criticism a new law they contend threatens a bank’s independence.
The rating group on Tuesday reduced a rating to BB-, partly since of a new nationalist-led government’s preference to tie state control over a National Bank.
Three members of a bank’s Council of Governors quiescent Tuesday, observant a bank’s autonomy has been compromised.
On Monday, Parliament inaugurated comparison ruling celebration central Jorgovanka Tabakovic as a new central bank chief.
The prior governor, Dejan Soskic, quiescent final week to criticism a new law, that gives ruling parties a right to designate a bank’s management. That preference had been done by bank governors independent with any domestic party.
Article source: http://news.yahoo.com/p-cuts-serbias-credit-rating-151151075--finance.html
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