S&P affirmed the ratings of Georgia, having improved the forecast


The international rating agency S&P Global Ratings reported that it had confirmed Georgia's long-term foreign and national currency ratings at BB-. Short-term ratings affirmed at “B”. The agency also changed the forecast of the ratings from “stable” to “positive”, expecting the future to maintain relatively high rates of economic growth in the country, as well as Georgia’s compliance with the conditions of the program funded by the International Monetary Fund. The agency estimates that by the end of 2022 Georgia’s net public debt will be about 40% of GDP. According to experts at S&P, the vulnerability of the balance of payments of the country is among major risks. They expressed concern that with the completion of major investment projects, direct investment could be reduced. The report notes that the sovereign rating of Georgia may be increased if the GDP growth rate exceeds the forecast of 4.5%.

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