The International agency for evaluation of state (sovereign) credit rating, Moody’s Investors Service, confirmed the credit rating of BiH, which is “B3 with a stable outlook”.
Moody’s analysts, in a support of the confirmed credit rating, emphasized the stable economic growth of BiH, although certain structural challenges, including the high unemployment rate, are negatively affecting the economic strength of our country. Analysts also added that BiH is moderately indebted with relatively low interest expenditures, which further contributes to its fiscal power.
Analysts also commented that current political instability does not contribute to the efficiency of making decision and their implementation, and this especially affects the implementation of the agreed program of reforms.
The rating of “stable outlook” is based on the expectation that BiH will continue to fulfil all the requirements, especially those by the International Monetary Fund (IMF), for favourable external financing, which will provide the necessary financial and technical support for the implementation of the Reform Agenda. Moreover, Moody’s expect from the authorities to continue making progress on the path of EU integrations, and particularly when it comes to the recently published Strategy of the EC for the Western Balkans, as announced by the Service for Public Relations of the Central Bank of BiH.
(Source: klix.ba)
