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.
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