S&P affirms Georgia's ratings at 'BB/B' with Stable Outlook

11:50, 08.02.2025

On February 7, 2025, S&P Global Ratings affirmed its ‘BB/B’ long- and short-term sovereign credit ratings on the Government of Georgia; The outlook is stable, the Georgian Finance Ministry reported.

According to the report, Georgia’s fiscal and monetary policy frameworks remain comparatively prudent, particularly within the regional context.

“In 2024, Georgia’s economy demonstrated exceptional performance, recording a robust growth rate of 9.4% year on year. This strong growth was primarily driven by domestic consumption, supported by rising wages and a buoyant tourism sector, positioning Georgia among the fastest-growing economies globally.

Strong economic growth has resulted in fiscal overperformance compared with targets in the past few years, keeping government debt moderate.

We recognize Georgia’s banking regulation as effective and largely consistent with international standards, marked by solid corporate governance and commendable transparency,” reads the report.

Economics

S&P Global Ratings