Moody’s Affirms Montenegro’s B1 Rating

By , 23 Sep 2018, 02:07 AM Business
Moody’s Affirms Montenegro’s B1 Rating Copyrights: Moody's

Share this:

22 September 2018 - Moody’s Investors Service in its latest report has affirmed Montenegro’s B1 rating: changes outlook to positive from stable. The affirmation of Montenegro’s B1 sovereign rating reflects investor's trust in economic growth, as well as their support to measures likely to stabilize the country’s public finances, implemented by the Ministry of Finance and the Government of Montenegro.

The key drivers for changes in outlook to positive from stable, according to the estimates of analysts, are:

  • Favorable mid-term perspective of Montenegro’s economic growth, supported by the structural reforms;
  • Progress in terms of EU negotiations and key investments in the field of transport, tourism and energy;
  • Government’s consolidation measures likely to stabilize the country’s fiscal position, and
  • Government’s effective measures for public debt management.

The Ministry of Finance also added: “Moody’s expects Montenegro’s economy to achieve a growth rate of 3.5%, while the motorway construction has been described as a potential for better positioning of our country, in terms of diversification of tourism product and overall positive effects on the industry.”

 

Source: Cafe del Montenegro

Photo galleries and videos