The international rating agency Moody’s improved the outlook of Georgia’s sovereign credit rating from negative to stable and confirmed the rating at the Ba2 level.
According to the agency, the improved outlook accredits to the assessment of Georgia’s vulnerability to geopolitical risks at a lower level.
The strengths of the rating are high economic growth, the Georgian economy’s resilience to shocks, strong institutional framework, fiscal stability and low inflation.
The rating reflects the situation of Georgia’s balancing the risks, and despite geopolitical shocks, retaining economic sustainability and high economic growth.
According to the agency's assessment, the economic growth for Georgia is expected at the level of 5.5% in 2024.
