Montenegro improves its credit rating
21.09.2009
Montenegro has improved its credit rating with 1,3 points and now occupies the 85th place in the list of nearly 180 countries, according to Institutional Investor magazine’s Country Credit Ratings the second half of 2009.
The Country Credit Ratings are based on information provided by senior economists and sovereign-risk analysts at leading global banks and money management and securities firms. The respondents have graded each country on a scale of zero to 100, with 100 representing the least likelihood of default.
Montenegro has received 40.8 points, while countries in the region that got more points than it are Serbia and Croatia - 42.3 and 55.8 points, respectively. Macedonia's rating fell by 0,6 points, a slight decline - from 0,1 point is observed with Bosnia and Herzegovina, which has 31.4 points takes the 108th place. Albania's credit rating has increased by 4,7 points and it is now among the countries with the largest increase in credit rating over the last six months.
Creditworthiness has declined around much of the world as the U.S. subprime crisis has morphed into a global recession, according to the report.
Survey respondents mark down nearly every industrialized country in North America, Western Europe and Asia. Even most emerging-markets economies, which many had thought immune to U.S. woes only a year ago, suffer significant declines.
To see the global credit rankings of all 177 countries surveyed in the Country Credit Ratings, visit
www.iimagazine.com.
Now entering its fifth decade, "Institutional Investor" has consistently distinguished itself among the world's foremost financial publications with ground-breaking journalism and incisive writing that provides "must read" intelligence for a global audience.
Three editions of the magazine are published: Americas, International and Asia. In addition, throughout the year "Institutional Investor" offers a host of proprietary research and rankings that serve as respected industry benchmarks, informing and influencing its carefully targeted circulation base throughout the year.
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