The rating of Georgia according to “Standard and Poor’s Ratings 2011”

• Long-term foreign and local currency Sovereign Credit Ratings “B+”  (change from B)
• Prospect: Stable

Strong ratings in the following:

• Government’s political commitment to market oriented policies and structural reforms
• Relatively strong economic structure and growth prospects

·         Low tax regime and business-friendly environment

• High potential growth rate
• Moderate levels of government debt

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