Georgia’s in the “Fitch Ratings 2011”

• Long term foreign and national currency Issuer Default Ratings (IDRs)  - “B+” 
• Short term foreign currency Issuer Default Ratings – “B”
• Country Ceiling Ratings – “BB-“ (a change from B+)
• Prospect: Positive

Strong ratings in the following:

• Robust economic recovery with strong GDP growth prospects
• Reduction in both budget and current account deficits
• Low and stable levels of inflation

·         Strong banking sector due to the improvement in asset quality, growth in deposits and rising profitability

·         Favorable business climate, low corruption, sound governance and easing of political risk

• High level of human development
• Strong support of the international community

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