Category Archives: Standard & Poor’s

Government of Georgia Long-Term Sovereign Rating Raised To ‘B+’; Outlook Stable

Standard & Poor'sStandard & Poor’s Ratings Services today said it had raised its long-term foreign and local currency sovereign credit ratings on the Government of Georgia to ‘B+’ from ‘B’. The short-term ratings were affirmed at ‘B’. The outlook is stable. The transfer and convertibility assessment was also raised to ‘BB’ from ‘BB-‘, and the foreign currency recovery rating remains ‘4’.

We are raising the long-term foreign and local currency sovereign credit ratings on the Government of Georgia to ‘B+’ from ‘B’.

The upgrade reflects our view of Georgia’s relative strength compared to its ‘B’ rated peers in terms of economic structure and growth prospects.

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