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
An advanced, prosperous, and export-oriented economy. Commitment to renewed structural reform. Solid external finances. High government deficit and public debt burdens. A small, open economy, vulnerable to external shocks. The solid investment grade ratings on Israel reflect its advanced, prosperous, export-oriented economy with few balance-of-payments pressures, underpinned by structural reforms. These strengths are offset, however, by Israel's vulnerability to its complex geopolitical environment, and the comparatively weak financial position of its government. Growth prospects continue to improve, in response to the strengthening of external demand, and a sharp recovery in private consumption and investment. In 2005, per capita incomes are forecast to expand by almost 2% in real terms, lifting nominal per capita incomes to $17,440, which is 27% higher...
Companies mentioned in this report are:
- Israel (State of)
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