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Republika Srpska B Rating affirmed with a stable outlook


Global rating agency "Standard and Poors" affirmed the "B" Long-term Credit Rating on Republika Srpska, with a Stable outlook. In report they emphasized that the GDP rate in the Republic of Srpska will grow in the next three years, and concluded that satisfactory access to international capital markets and multilateral financing will be maintained.

In its report, the Rating agency states that the Republika Srpska economy functions in complex political and financial arrangements, both in terms of managing its own fiscal policies and in the international context, but a slight improvement in budget execution is expected in the next few years.

"The Republika Srpska has greater flexibility compared to other local and regional governments, to raise revenues and limit spending if necessary, given the relatively large fiscal autonomy," concludes the Report and adds that greater economic growth and reduction inflation to support Budget execution and lead to less pressure on Expenditure growth.

"S&P" Rating do not expect changes in the financial policies of the Republic of Srpska, and believe that a satisfactory approach to liquidity will help in the refinancing of loans and deficits. of the Budget of the Republic of Srpska in the next two years, tax-supported debt will remain below 120% of Consolidated operating income.

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