Government of Georgia Long-Term Sovereign Rating Raised To 'B+'; Outlook Stable Apr 10
Standard & Poors, April 2010
Abstract
-- We are raising the long-term foreign and local currency sovereign credit ratings on the Government of Georgia to 'B+' from 'B'. -- The upgrade reflects our view of Georgia's relative strength compared to its 'B' rated peers in terms of economic structure and growth prospects. -- The stable outlook reflects our expectation that the economy will expand over the medium term, further supporting Georgia's relative position in comparison with the 'B' rated peer group. LONDON (Standard & Poor's) April 12, 2010--Standard & Poor's Ratings Services today said it had raised its long-term foreign and local currency sovereign credit ratings on the Government of Georgia to 'B+' from 'B'. The short-term ratings were affirmed at 'B'. The outlook is stable....
Companies mentioned in this report are: Georgia (Government of)
Action: Outlook: Stable
Action: Upgraded
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.
Georgia (Government of)
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