Long-Term Ratings On Government of Georgia Raised To 'BB-' On Growth Prospects, Improved Public Finances; Outlook Stable Nov 11
- Language: English
- Published: November 2011
- Region: Georgia
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: Outlook: Positive
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