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Bulletin: Correction: Ratings On Government of Georgia Unaffected By Declared State Of Emergency Nov 07
Standard & Poors, Nov 2007
Abstract
MADRID (Standard & Poor's) Nov. 8, 2007--Standard & Poor's Ratings Services said today that the developing political situation in the Government of Georgia (B+/Positive/B) would currently have no near-term effect on either its ratings or outlook on the sovereign. 'The increased cohesion within the previously weak and fragmented opposition, following the arrest of former Defence Minister Irakli Okruashvili, had already been factored into the ratings,' said Standard & Poor's credit analyst Trevor Cullinan. 'Nevertheless, the government's forcible dispersion on November 7 of an opposition rally, which had been calling for President Mikheil Saakashvili's dismissal from office, highlights an acceleration in the domestic challenges that the government needs to manage alongside significant geopolitical risks.' The opposition is also calling for parliamentary...
Companies mentioned in this report are: Georgia (Government of)
Action: Bulletin
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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