However, Standard & Poor’s has improved the outlook for the first time since 2012, from ‘stable’ to ‘positive’ - meaning that the rating might be raised in the near future.

Statement issued by the Standard and Poor’s reads that the economy in Bosnia and Herzegovina has turned out to be more resilient to political tensions than expected.

Standard & Poor’s rating outlook assesses the potential direction of a long-term credit rating over the intermediate term, typically six months to two years. In determining a rating outlook, consideration is given to any changes in the economic and/or fundamental business conditions in the country.

An outlook, however, is not necessarily a precursor of a rating change.

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