Moody’s improves outlook on Georgia's sovereign credit rating from negative to stable

13:03, 27.03.2024

The international rating agency Moody’s improved the outlook of Georgia’s sovereign credit rating from negative to stable and confirmed the rating at the Ba2 level.

According to the Finance Ministry, the improved outlook accredits to the assessment of Georgia’s vulnerability to geopolitical risks at a lower level.

The strengths of the rating are high economic growth, the Georgian economy’s resilience to shocks, strong institutional framework, fiscal stability and low inflation.

Vakhtang Tsintsadze, Deputy Minister of Economy and Sustainable Development said that the rating reflects the situation of Georgia’s balancing the risks, and despite geopolitical shocks, retaining economic sustainability and high economic growth.

The Deputy Minister remarked that the Georgian government’s priority is to achieve the investment rating level, which will “upgrade the Georgian economy to a qualitatively new level.”

By - Elene Dobordjginidze

Economics

Moody's

Vakhtang Tsintsadze