Podgorica, (MINA-BUSINESS) – According to the Ministry of Finance, credit rating agency Standard & Poor’s (S&P) has affirmed Montenegro’s stable credit rating, noting potential for upward revision if fiscal performance strengthens.
“The renowned credit rating agency S&P stated in its latest report that the B+ rating with a stable outlook is an important validation of the soundness of existing economic policy and the successful implementation of structural reforms,” the Ministry said in a press release.
The Ministry indicated that the maintenance of the credit rating reflects sustained efforts to strengthen fiscal discipline, enhance public-private partnerships, and create a stable and predictable business environment that continues to support foreign investor interest.
“Montenegro remains a regional leader in the Western Balkans in terms of European integration, with all negotiation chapters open and seven provisionally closed. The successful opening of the Fundamentals cluster clearly demonstrates progress in aligning with the EU acquis, while strong public support for European integration ensures continuity in implementing key reforms,” the press release reads.
According to S&P, Montenegro has the potential for a rating upgrade if fiscal results improve further, economic growth accelerates, and the external financial position is strengthened.
The investment cycle, primarily focused on infrastructure, energy, and tourism projects, remains a key driver of economic growth, which is projected at approximately 3 percent annually over the medium term (2026–2028).
“Additionally, Montenegro’s banking sector remains stable, liquid, and well-capitalized, with low levels of non-performing loans and high capital adequacy ratios. The predominant presence of international banking groups further reinforces system resilience and risk management capacity,” the Ministry noted.
The Ministry of Finance highlighted its ongoing commitment to preserving macroeconomic stability, enhancing competitiveness, and advancing Montenegro’s integration into European and global economic markets.
“The S&P decision sends an encouraging signal to investors and partners and provides additional impetus for continuing reform efforts,” the press release states.
