Standard&Poor’s Affirmed the Credit Rating of Bosnia and Herzegovina

International rating agency Standard and Poor's affirmed the credit rating to Bosnia and Herzegovina, B with Stable Outlook.

In the explanation of this Agency, it is mentioned that Bosnia and Herzegovina's external and fiscal metrics did not deteriorate to the extent that it was earlier expected following widespread flooding last year.

Although the possibility of further disbursements under the current arrangement with the International Monetary Fund is low, the analysts of the Standard and Poor's still believe that Bosnia and Herzegovina will continue to receive international financial support, subject to conditionality.

Therefore, Standard and Poor's has affirmed the credit rating to Bosnia and Herzegovina. The outlook is stable, based upon their expectation on likely continuation of stable creditor support.