S&P confirms Montenegro's rating and stable outlook

S&P confirms Montenegro's rating and stable outlook

Published at: 2019-09-16 12:50 | Author: CIJ Serbia
The credit rating agency Standard and Poor’s confirmed its stable outlook for Montenegro along with its B+/B rating. The agency writes that the country is on the right track fiscally and that positive results achieved in the tourism and energy sectors is contributing to Foreign Direct Investments inflow successes. The country's strong performance in the tourism sector backstopped real GDP growth of almost 5% in 2018, the highest growth rate the country's achieved in a decade. According to Standard Poor's projections FDI will amount to an average of 10% of GDP per year over the next four years, concentrating in real estate sector, hospitality, and in the energy sector. It noted that highway construction has also helped encourage growth.

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