Georgia Ratings Remain On Positive Outlook On Resilience To Political And Economic Shocks Jan 08

  • ID: 1806379
  • January 2008
  • Region: Georgia
  • Standard & Poors
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  • Georgia (Government of)
  • MORE

LONDON (Standard & Poor's) Jan. 31, 2008--Standard & Poor's Ratings Services today said it had affirmed its 'B+' long-term and 'B' short-term sovereign credit ratings on the Government of Georgia. The outlook remains positive, based on the normalization of the political environment, continued strong economic growth, and ongoing progress on the government's reform program. Standard & Poor's also affirmed its 'BB' transfer and convertibility assessment. "Georgia's strong economic performance, which has been fuelled by robust foreign direct investment inflows, is expected to be maintained," Standard & Poor's credit analyst Trevor Cullinan said. "The government's current reform program and the perception of a more consensual approach to policy-making following the presidential elections in January 2008 could further support investor confidence." The...

Companies mentioned in this report are: Georgia (Government of)
Action: Affirmed
Action: Outlook: Positive

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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Georgia (Government of)

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