News in English     | 13.03.2018. 16:50 |

CBBH - Standard & Poor’s confirms credit rating of Bosnia and Herzegovina

FENA Press release

SARAJEVO, March 13 (FENA) - International credit rating agency Standard and Poor's confirmed the credit rating for Bosnia and Herzegovina as 'B' with Stable Outlook.

The rating is supported by the sovereign steady economic growth, which supports the growth of indirect tax revenues that BiH uses to service its external debt, together with its relatively low and predominantly concessional debt burden.

Bosnia and Herzegovina’s stable fiscal position and the assessment that the sovereign will continue to contain its budget deficits during periods of less-available external financing also underpin the rating; it is said in the explanation of Standard and Poor's analysts, stated the Central Bank of Bosnia and Herzegovina in the press release.

(FENA) S. R.

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