Fitch upgraded Georgia’s credit rating from BB- to BB
Fitch upgraded Georgia’s credit rating from BB- to BB
13:49, 23.02.2019

Fitch Ratings upgraded on Friday 22 February 2019 Georgia’s sovereign debt grade to ‘BB’ from ‘BB-’ and assigned a stable outlook, citing as main driver behind the revision a resilient economy to negative developments in 2018, with easing external imbalances and robust growth at an estimated 4.8 percent in 2018 and the five-year average of 5.0 percent.

Standard & Poor’s credit rating for Georgia stands at BB- with a stable outlook. Moody’s credit rating for Georgia was last set at Ba2 with a stable outlook.

In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the creditworthiness of Georgia thus having a big impact on the country’s borrowing costs.





Economics
credit rating
Fitch
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