A Boost From Moody's

March 2008 | Economic Analysis

Montenegro has been assigned a Ba2 long term foreign currency rating by Moody's, which is two notches below investment grade. Rival agency Standard & Poor's rates the Western Balkan state one notch higher at BB+. Now that Montenegro is in possession of two credit ratings, and an investment grade country ceiling of Baa1, it opens up the possibility of the sovereign eventually tapping the international credit markets, and facilitates the access of local corporates to global

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