Research And Markets Research And Markets

Montenegro (Republic of) Dec 10

  • ID: 1823682
  • December 2010
  • Region: Montenegro
  • Standard & Poors
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  • Montenegro (Republic of)
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An undiversified economy that is vulnerable to external shocks. Large external imbalances. High contingent liabilities from the financial sector and state guarantees to the corporate sector. A stable political environment. Use of the euro as legal tender. Strong incentive to pursue further reforms as a precondition for EU accession. The sovereign credit ratings on the Republic of Montenegro are constrained by Standard & Poor's Ratings Services' view of the country's narrow economic base, vulnerabilities emanating from its high current account deficit, and deteriorating public finances. These constraints are mitigated, in Standard & Poor's opinion, by Montenegro's stable political environment; use of the euro as legal tender; and positive prospects for EU accession, which we expect to occur in the middle...

Companies mentioned in this report are:
- Montenegro (Republic of)

Action: Review

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: Full Analysis

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- Montenegro (Republic of)

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