Aug 27, 2018
Fitch affirms Georgia at “BB-” with positive outlook
- According to Fitch Ratings, Georgia's Long-Term Foreign and Local-Currency Issuer Default Ratings (IDR) have been affirmed at 'BB-'. The Outlook is Positive. The Positive Outlook on Georgia's rating reflects favorable growth prospects and a steady improvement in the public finances.
- As per Fitch Ratings, Georgia's economy has been resilient against recent regional volatility. Estimates from national statistics show the economy to havev grown 6.0% in real terms year-on-year in 1H18, above Fitch's expectations. Developments in the banking sector remain stable.