International credit ratings agency Standard & Poor’s (S&P) confirmed Montenegro’s long and short term foreign and local currency sovereign credit rating at B+/B with a stable economic outlook. The rating is mostly due to the country’s long-term economic growth potential. “Montenegro’s favorable growth potential, stemming from the possibilities for further development of tourism and the energy sector, continues to support the ratings,” S&P said in a statement. Montenegro saw robust growth last year at 4.7%, but this year’s growth is expected to be more moderate.
