As the Fitch rating company says, the sovereign credit rating of Georgia remains at the BB level, while its prospects are stable.
According to the company, the sovereign rating of Georgia comparatively improved due to the high quality of governance, attractive investment and business environment, and sustainability to regional shocks.
The IMF is a supporter of Georgia’s economic policy.
The rating company says that Georgia was stable to external shocks with its economic growth higher than projected in 2019.
The Fitch reports that the factors mentioned above are the reason for the rating maintenance.