Standard & Poor’s (S&P) rating agency has published a new report on Montenegro in which they confirmed the country’s previous BB- credit rating with a stable outlook.
S&P’s experts note that any further deterioration of fiscal parameters, primarily growth of budgetary deficit and public debt, may lead to a lower credit rating, whereas continuation of economic reform, such as labour market and business environment reform aimed at country’s improved competitiveness and greater diversity, may lead to a better rating in the coming period, Finance Ministry says.
Source: Government of Montenegro