Podgorica, (MINA-BUSINESS) – According to the Ministry of Finance, the Moody’s credit rating agency has affirmed Montenegro’s stable outlook, maintaining its ‘Ba3’ rating.
The Ministry stated in a press release that maintaining the credit rating confirmed that Montenegro was on a stable path of progress in terms of economic policies and development processes implemented during the mandate of the 44th Government.
“This confirmation is a positive signal for the Montenegrin economy, indicating that we are managing public finances responsibly and that our economic programmes are sustainable,” the press release states.
The Ministry of Finance and the Government will continue with reforms and measures that will lead to economic progress and improved living standards for citizens, along with full financial stability.
The Moody’s report notes that the Montenegro’s rating could improve if fiscal consolidation is further accelerated and if the fiscal risks related to the remaining sections of the Bar-Boljare motorway remain under control.
