The Prime Minister of Georgia, Giorgi Kvirikshvili, responded to the improvement of Georgia’s credit rating from Ba3 to Ba2, rating published by the international rating company Moody’s.
Kvirikashvili pointed out that the goal of the government is to improve this rating quickly, which will put the country on a new level in the investment world.
“Our goal is to get the BBB investment rating as soon as possible, which will move country to a new stage in the investment world. Attracting credits would get much easier and cheaper for the sovereign and private sectors.
According to the report, Georgia’s “Ba2 stable” credit profile reflects “high average growth rates, strong and improving institutions, and a moderate debt burden, weighed against low income levels, a small economy, external vulnerability from the economy’s reliance on foreign-currency denominated funding, and latent geopolitical risks.”