International Agency for the evaluation of state (sovereign) credit rating, the Moody’s Investors Service, confirmed the credit rating of BiH – B3 with stable prospects.
In the explanation of confirmation of credit rating and the expected appearance of stability, Moody’s analysts estimated that the economic situation in BiH is a result of the slow progress in achieving the necessary structural reforms; consequently, the level of income is below the average for the European Union, as announced from the Department of Public Relations of the Central Bank of BiH (CBBiH).
The stable prospects reflect expectations of Moody’s analysts that the progress in the implementation of the government’s reform agenda will enable the necessary financial and technical help from the International Monetary Fund (IMF), but that the risks in the implementation, especially those coming from challenging political environment, can interfere with the reforms.
Credit Rating of BiH, according to analysts of this agency, could be improved in case of institutional strengthening through the implementation of structural reforms and improvement of the political situation, while a decrease in the credit rating could happen if the country does not reach agreement with the IMF and fails to implement reforms on the path towards European integration, according to the statement from the CBBiH.
(Source: novovrijeme.ba)
