News in English     | 19.02.2018. 18:17 |

Moody's affirms Bosnia and Herzegovina's B3 issuer rating - 'Outlook stable'

FENA Press release

SARAJEVO, February 19 (FENA) - Moody's Investors Service, ("Moody's") has affirmed Bosnia and Herzegovina's B3 long-term issuer ratings, which states that “The outlook is stable”.

The factors supporting BiH’s credit profile include its resilient economic growth, although structural challenges, including very high unemployment, weigh on its economic strength. The analysts state that BiH has a moderate debt burden, mainly due to concessional creditors, which supports fiscal strength, although limited access to external financing keeps BiH reliant on official support.

The analysts say that the ongoing political volatility impairs effective policy-making and keeps susceptibility to political event risk high.

The “stable outlook” on Bosnia's B3 rating reflects Moody's expectation that BiH will continue to meet the conditions for concessional external financing, albeit with delays, which would provide the needed financial and technical assistance to continue to gradually progress the reform agenda.

Moody's also expects the authorities' commitment to progress EU integration, reflected in the EU candidacy application in early 2016, will continue to provide an anchor for the country's reform direction, supported as well by the European Commission's (EC) recent adoption of its engagement strategy for the Western Balkan states, stated the CBBH PR Office.

(FENA)
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