Moody’s changes Montenegro view

Moody's Investors Service said it changed the outlook on Montenegro's B1 long-term issuer and senior unsecured debt ratings to positive from stable.

Concurrently, Moody's affirmed the B1 long-term ratings as well as Montenegro's Not Prime short-term issuer rating.

The action reflects Montenegro's favorable medium-term growth outlook, supported by structural reforms, progress with respect to the country's European Union accession negotiations and significant investment projects in transportation, tourism and energy sectors, the agency said.

The action also reflects the government's consolidation measures that improve Montenegro's fiscal position, Moody’s added.

Moreover, the government took effective actions to significantly lower Montenegro's medium-term refinancing risks, the agency said.

© 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.