Determination of credit rating of the City of Novi Sad

As the winner of the Local Self-Governments Competition in Financial Management and Credit, the international agency Moody's Investors Service, supported by the USAID, awarded a credit rating to the City of Novi Sad. This enabled the City of Novi Sad to become the first local self-government in Serbia to finance its development infrastructure projects by issuing long-term municipal bonds. The municipal bond agreement between the City and the UniCredit Group was signed on 8^th July 2011. The value of the credit rating grant is USD 30,000.00.