Credit rating agency Standard & Poor’s (S&P) has confirmed Montenegro’s credit rating at B+ with a stable outlook, noting potential for further upgrades if fiscal results improve, the Ministry of Finance reported.
The ministry highlighted that maintaining the rating reflects strong fiscal discipline, successful structural reforms, and a stable business environment that continues to attract foreign investment. Montenegro is also advancing in EU integration, with all negotiation chapters open and seven temporarily closed, while the opening of the “Foundations” cluster demonstrates progress in aligning with EU law.
S&P indicated that further rating improvements could result from stronger fiscal performance, higher economic growth, and a strengthened external financial position. Key drivers of growth remain investment in infrastructure, energy, and tourism, with medium-term GDP growth projected at around 3% annually (2026–2028).
The banking sector in Montenegro remains stable, liquid, and well-capitalized, with low non-performing loans and strong capital adequacy, supported by the presence of international banking groups.
The Ministry of Finance reaffirmed its commitment to maintaining macroeconomic stability, enhancing competitiveness, and further integrating Montenegro into European and global markets. S&P’s decision is seen as an encouraging signal for investors and a stimulus for continued reforms.
