01.Sep .2021 11:30

S&P Global Ratings Remains Georgia’s Sovereign Credit Rating Unchanged

S&P Global Ratings Remains Georgia’s Sovereign Credit Rating Unchanged
views 531
Back


Georgia’s sovereign credit rating remains unchanged accord to Standard & Poor’s (S&P) Global Ratings. Standard & Poor's (S&P) Global Ratings has affirmed Georgia’s long- and short-term foreign and local currency sovereign credit ratings at 'BB' with a negative outlook. The outlook is negative since February 2021.

According to the Ministry of Finance of Georgia, S&P projects 7,5% economic growth in 2021, claiming that Georgia can achieve double-digit economic growth by the end of the year.

“This rating once again proves that despite pandemic, when global tourism recovery forecasts are at odds and some challenges still remain unsolved, international resting agencies dub our economy and its perspective as quite solid”, - Economy Minister Natia Turnava underscored.