SARAJEVO (Bosnia and Herzegovina), September 3 (SeeNews) – Global rating agencies Moody’s and Standard & Poor’s have confirmed their respective credit ratings for Bosnia and Herzegovina, the country’s central bank said.
Moody’s has confirmed its B3 credit rating, while Standard & Poor’s has confirmed its B credit rating for Bosnia and Herzegovina, the central bank said in a statement on Thursday.
Both rating agencies confirmed the credit ratings with a stable outlook.
Moody’s rated the country’s fiscal strength as better compared to countries with the same sovereign rating, as past budget surpluses created fiscal space to respond to the pandemic, without a significant increase in fiscal vulnerabilities, the central bank said.
“Analysts believe that the sovereign rating is mostly constrained by a complex political structure that hinders institutional advances and progress in the area of economic reforms. These negative factors were partially offset by the moderate level of indebtedness and commitment of the international community to the economic stabilization of the country, “the central bank said citing Moody’s credit rating.
Standard & Poor’s considers Bosnia’s credit rating outlook to be as stable as the macroeconomic impact of the pandemic and the still sustainable level of government indebtedness has been assessed to create a significant balance against the aforementioned risk factors. , said the Bosnian central bank.