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Bosnia & Herzegovina

Moody’s Affirms Bosnia ‘B3’ Rating

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Moody’s Investors Service said it has affirmed Bosnia and Herzegovina’s B3 long-term issuer ratings and stable outlook. Structural challenges continue to weigh on the country’s medium-term growth outlook and to weaken its economic strength, while the moderate debt levels and fiscal restraint in recent years provide fiscal space to cushion the economic shocks stemming from the coronavirus pandemic, Moody’s said in a statement.

“Weak institutions, in part reflecting a complex governance system and a divisive political environment, continue to hamper effective policymaking,” the statement read. In addition, Moody’s left unchanged Bosnia’s local-currency bond and deposit ceilings and long-term foreign-currency bond and deposit ceilings at B3, while the short-term foreign currency bond and deposit ceilings remained Not Prime (NP).

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