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Standard & Poor's confirms stable outlook for Montenegro

Published on: Mar 16, 2019 • 4:05 PM Author: PR Service
Podgorica, Montenegro (16 March 2019) -- The credit rating agency "Standard & Poors" published a new Report for Montenegro, which again confirmed the rating of the country as "stable", while preserving the B + / B rating.

Credit analysts confirmed that Montenegro is on the right track, assessing the growth of the Montenegrin economy of 4.7% in 2018, exceeding their last year's projections of 3.5%. According to the Report, this was mostly due to the numerous activities in the field of tourism and the energy sector, as well as a very comparative institutional arrangement in the region. Furthermore, there is a growing potential for early implementation of structural reforms, the implementation of which is necessary for Montenegro to become a member of the EU. Montenegro's credit potential, as further stated, is also strengthened by the prospect of joining the European Union, which is accompanied by the strengthening of institutions.

As an important backbone of the future development of Montenegro, the report also mentions realisation of a significant amount of direct foreign investments in the past five years, amounting to an average of more than 10% of GDP. However, there remains a risk that the Montenegrin economy could be affected by the loss of interest of foreign direct investors.

The Report can be downloaded here.

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