Moody's: Small economy in Montenegro

Moody's Investors Service said it said Montenegro's Ba3 government bond rating and country ceilings are based on an assessment of its low level of economic and institutional strength, limited by the country's small size and the concentrated nature of its economy.

Montenegro is a newly established country. Its economy is very small compared with the economies of other countries both in the region and globally, Moody's said.

Its small size means that Montenegro's output is concentrated in a few sectors and, as such, is likely to suffer greater volatility over time, the agency said. It also makes the economy much more vulnerable to sector-specific and company-specific shocks, Moody's added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.