It is very important for us that, in fact, all of the three major credit rating agencies kept Georgia's rating unchanged, in the conditions when the ratings deteriorated massively in the region, due to the geopolitical situation, - the Minister of Economy and Sustainable Development Levan Davitashvili said at the briefing held after the government meeting.
According to him, the sovereign credit rating is a very important indicator in the direction of confidence in the country's economy.
"Investors are guided by these ratings when making their investment decisions, in general, the objective perception of the country is related to these ratings. It is very important for us that out of the three major credit rating agencies, in fact, all of them kept Georgia's rating unchanged, in the conditions when the ratings deteriorated massively in the region, due to the geopolitical situation. We are very close to the investment rating and, of course, we are doing our best to further improve our economic parameters, against the background of macroeconomic stability, we will eventually achieve this investment grade and cheaper financial resources for the Georgian economy, financial system and, of course, all this, in the end, will once again contribute to economic processes and economic growth in our country", said Levan Davitashvili.
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's assessment, economic growth is expected at the level of 5.5 percent in 2024.
