Montenegro Long-Term Sovereign Credit Rating Lowered to 'BB' As Financial Risks Persist; Outlook Negative

Published date: 21.07.2010 16:48 | Author: Ivona Mihajlović - administrator

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Montenegro continues to face large macrofinancial risks, exacerbating pressures on public finances following the sharp contraction in GDP in 2009, the reversal of credit stimulus, and the deterioration of the domestic banking system's loan book...