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+/ positive Bosnia and Herzegovina B3 / stable B+ / stable Bulgaria Baa1 / stable BBB / positive Montenegro B1 / stable B / stable Greece Ba1 / stable BBB- / stable Croatia Baa2 / positive BBB+ / positive Hungary Baa2 / stable BBB- / stable North Macedonia - BB- / stable Romania Baa3 / stable BBB- / stable Slovenia А3/ stable AA- / stable Serbia Ba2 / stable BB+ / stable Source: Bloomberg, data updated on February 6, 2024