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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