Montenegro has seen two consecutive upgrades to its credit rating during the current government’s term, according to the Ministry of Finance. This improvement, highlighted by two major credit agencies, confirms that the country’s credit rating is no longer at the bottom but has significantly improved after years of stagnation.
The upgrades reflect Montenegro’s stable economic policies and progress, particularly in fiscal matters and structural reforms, which are essential for its EU accession process. These improvements were recognized by Standard & Poor’s and Moody’s, with the latter raising Montenegro’s rating for the first time since 2013. Moody’s cited the country’s stronger growth prospects, lower public debt, and fiscal stability, especially with the completion of the Bar-Boljare highway.
The improved credit rating signals stronger investor confidence, better international financial standing, and a more favorable environment for attracting investments, especially in tourism, energy, and infrastructure sectors.
The Ministry of Finance emphasized that these upgrades reflect the success of Montenegro’s economic policies and its advancement on the path to EU membership, with the country being the most advanced in the region. The government plans to continue these reforms and economic progress, expecting steady growth in the coming years.
