International credit ratings agency Standard & Poor’s announced that it has affirmed its ‘B’ credit rating with positive outlook on Bosnia and Herzegovina.
Statement issued by the Central Bank of Bosnia and Herzegovina reads that the positive outlook is based on analysts’ expectations that the country’s economic prospect would improve if authorities are established by the end of the year.
Also, the new authorities in Bosnia and Herzegovina are expected to regulate the status of the arrangement with the International Monetary Fund, which would speed up reforms and allow access to funds for important infrastructural projects.
Analysts claim that the credit rating of Bosnia and Herzegovina can be upgraded in the next 12 months, if stable authorities in the country are committed to promoting continuation of structural reforms.
However, the report published by Standard & Poor’s reads that the credit rating will be downgraded if stable authorities are not formed, and if reforms are not revived.