Montenegro Rating: Montenegro Credit Rating

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Rating Moody's Montenegro
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2022-09-09B1 (Stable)
2020-03-06B1 (Stable)
2018-09-21B1 (Positive)
2017-09-29B1 (Stable)
2016-05-14B1 (Negative)
2014-10-31Ba3 (Negative)
2011-03-30(Stable)2016-05-14B1
2009-04-30Ba32015-02-03(P)Ba3
2008-12-18(Negative)2014-04-09(P)Ba3
2008-03-12Ba2 (Stable)2010-08-20Ba3
Moody's: Long term Rating
Rating S&P Montenegro
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2024-08-30B+ (Stable)
2024-03-01B (Positive)
2021-03-05B (Stable)
2020-05-01(Negative)
2017-10-06(Stable)2024-08-30B+
2016-05-13(Negative)2024-03-01B
2014-11-14B+ (Stable)2021-03-05B
2013-11-29(Negative)2014-11-14B+
2012-06-13BB- (Stable)2012-06-13BB-
2010-03-31BB (Negative)2010-03-31BB2004-12-20B2004-12-20B
S&P: Long term Rating
Rating Fitch Montenegro
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating

GradeMoody'sS&PFitch
PrimeAaaAAAAAA
High gradeAa1AA+AA+
Aa2AAAA
Aa3AA-AA-
Upper medium gradeA1A+A+
A2AA
A3A-A-
Lower medium gradeBaa1BBB+BBB+
Baa2BBBBBB
Baa3BBB-BBB-
Non-investment grade
speculative
Ba1BB+BB+
Ba2BBBB
Ba3BB-BB-
Highly speculativeB1B+B+
B2BB
B3B-B-
Substantial risksCaa1CCC+CCC+
Caa2CCCCCC
Caa3CCC-CCC-
Extremely speculativeCaCCCC
C
In default with little
prospect for recovery
SDRD
In defaultCDD
DD
DDD
Not ratedWRNR
GradeMoodysS&PFitch
High gradeP-1A-1+F1+
Upper medium gradeP-1A-1F1
Lower medium gradeP-2A-2F2
Non-investment grade
speculative
P-3A-3F3
Highly speculativeBB
Extremely speculativeNPCC