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S&P awards 'B+/B' rating with Stable Outlook for first time to BiH Federation
The Standard & Poor's credit rating agency has reported that it has awarded 'B+/B' and Stable Outlook to the Croat-Bosniak Federation of Bosnia and Herzegovina, forecasting an economic growth and higher revenues despite political squabbles with the other Republika Srpska entity.
The Stable Outlook reflects the agency's position that the political environment will challenge financial planning, however, the agency believes that economic growth will be sustained by increasing fiscal revenue and that inflation will cease stifling consumption, according to the agency.
Bosnia and Herzegovina was given a B+ rating and Stable Outlook.
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