Fitch also said political risks were placing a significant constraint on the ratings, citing the Kosovo status issue, the Montenegrin independence referendum, problems in Serbia's co-operation with the UN war crimes tribunal, and the Kostunica administration's uncertain capacity to implement reforms.
Fitch je također istaknula kako politički rizici predstavljaju značajno ograničenje za rating, navodeći pitanje statusa Kosova, referendum o neovisnosti Crne Gore, probleme u suradnji Srbije s tribunalom UN-a za ratne zločine, i upitan kapacitet Koštuničine vlade za provedbu reformi.