The corporate bond market in the Republic of Srpska is underdeveloped due to a lack of liquidity and high risk. Only six companies have issued corporate bonds in the region. Without a well-functioning secondary market, investors struggle to resell these securities, making the primary market less valuable. The main factor determining the risk level of a bond is the publisher's credit rating, along with the country's credit rating. Unfortunately, the Republic of Srpska has a poor credit rating, indicating high credit risk according to Moody's Investors Services and Standard & Poor's evaluations.