Long-term sovereign credit rating for countries in the region

The international credit rating agencies rate ability of countries to timely repay its obligations and on the basis that they determine debt servicing ratings in both local currency and in foreign currency.

Table 1 shows the long-term foreign currency debt servicing ratings and the respective outlooks for the countries in the region which hired either one or both agencies (also hired by Bosnia and Herzegovina). This table effectively facilitates comparison and determination of our position relevant to countries in the wider region.

Table 1: Review of long-term sovereign credit rating for countries in the region
CountryMoody's Investors ServiceStandard & Poor's
Long-term / OutlookLong-term / Outlook
Albania B1 / stable B+/ stable
Bosnia and Herzegovina B3 / stable B / positive
Bulgaria Baa2 / positive BBB / positive
Montenegro B1 / positive B+ / stable
Greece B1 / stable BB- / positive
Croatia Ba2 / positive BBB- / stable
Hungary Baa3 / stable BBB / stable
North Macedonia - BB- / stable
Romania Baa3 / stable BBB- / negative
Slovenia Baa1 / positive AA- / stable
Serbia Ba3 / positive BB+ / positive
Source: Bloomberg, data updated on December 17, 2019



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