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Bulletin: Signing Of EU Agreement Supports Republic of Montenegro Sovereign Rating Oct 07
Standard & Poors, Oct 2007
Abstract
LONDON (Standard & Poor's) Oct. 16, 2007--Standard & Poor's Ratings Services said today that the EU's decision to sign the Stabilization and Association Agreement (SAA) regarding the potential integration of the Republic of Montenegro (BB+/Stable/B) into the EU supports the sovereign rating. This was expected, and was already incorporated at the current rating level. The ratings on Montenegro are constrained by external imbalances and the government's short track record in dealing with any economic stress that may emerge from external shocks, in particular downturns in the tourism and aluminum sectors. The SAA was signed after improvements in the political climate and progress toward EU integration, boosted by enthusiasm surrounding Montenegro's independence. While the SAA will initially help lock in structural...
Companies mentioned in this report are: Montenegro (Republic of)
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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