Thursday, 30th October 2025

Moody’s Upgrades Montenegro’s Credit Rating for First Time Since 2013

Global rating agency Moody’s has upgraded Montenegro’s credit rating from B1 to Ba3, marking the first increase since 2013

The outlook has been revised to stable, according to an announcement by the Ministry of Finance.

The upgrade reflects Montenegro’s strong medium-term growth prospects and improved fiscal stability, driven by reduced public debt and lowered fiscal risks associated with the completion of the Bar-Boljare motorway.

The Ministry also highlighted that significant public and private investments, alongside EU structural reforms, have further bolstered mid-term growth projections.

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