S&P affirms Montenegro

S&P said it affirmed its B+/B long- and short-term foreign and local currency sovereign credit ratings on the Republic of Montenegro.

The outlook is negative.

“We project that Montenegro's government debt burden will continue to rise steadily over the forecast horizon to over 80% of GDP in 2019 from 67% in 2015, while interest costs will rise to 9% of general government revenues by 2019 from 6% in 2015,” S&P said in a news release.

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