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November 29, 2022.
NaslovnicaEnglish NewsBusiness NewsB1 credit rating affirmed for Montenegro

B1 credit rating affirmed for Montenegro

Podgorica, (MINA-BUSINESS) – In its latest report, the credit rating agency Moody’s has affirmed a B1 credit rating for Montenegro, with a stable outlook.

The Ministry of Finance says in a press release that this credit rating is a result of high GDP per capita growth, institutional strengthening supported by the EU accession prospects, attractiveness for foreign direct investors, and important investment projects in the transport, tourism and energy sectors.

“In addition to B1 rating, the positive outlook reflects favourable mid-term projections, supported by adequate structural reforms, and the Government’s continuous consolidation measures, contributing to the strengthening of Montenegro’s fiscal position,” the press release says.

The Government has also taken effective measures aimed at considerably reducing the risk related to mid-term debt refinancing.

“The report says that a 4.9 GDP growth in 2018 was primarily driven by investments, and another record-breaking tourist season,” the Ministry says.

Longer version of article is available on a link MINA ENGLISH SERVIS

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