S&P Raises Bosnia's Long-Term Ratings
Standard and Poor's said it has raised the long-term local and foreign currency sovereign credit ratings on Bosnia and Herzegovina to "B+" from "B", while keeping the country's stable outlook, according to SeeNews.
At the same time, the ratings agency affirmed the 'B' short-term foreign and local currency sovereign credit ratings on Bosnia, it said in a press release on Friday. S&P also revised Bosnia's transfer & convertibility assessment to "BB" from "BB-".
The stable outlook reflects BiH's resilient economic performance despite prevailing external headwinds, as well as its favorable fiscal position that we expect will endure over 2023-2026.
It also illustrates our view that the recent domestic political escalation will ease, although future bouts of confrontation remain a risk given BiH's complex domestic institutional arrangements, S&P said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.