The Standard & Poor’s rating agency (S&P) has published a new Report on Montenegro and confirmed the country’s previous rating of ‘B+/B’ with stable outlook, the Ministry of Finance stated.
According to the Ministry, analysts of S&P confirmed Montenegro’s stable outlook, noting that the country’s developing policy is heading in the right direction.
“By analyzing trends in the Montenegrin economy, the Standard & Poor’s rating agency pointed out to the significant outcomes achieved in the area of tourism and energy, as well as a significant foreign direct investment flow,” the Ministry of Finance said in a statement.
Foreign investment greatly contributed to the country’s stable outlook, the Ministry added. “The S&P projections say it [foreign investment] will amount to around 10% of GDP at the annual level for the next four years, mostly focused on the sector of real estate, hotel industry and hospitality, as well as the energy sector.”
