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Mass media / Periodicals

Georgia long turns // S&P upgraded the country's credit rating to BB

The Newspaper "Kommersant". The main thing 13.10.2019 at 22:59

Daily illustrated national business newspaper

International rating Agency Standard & Poor's on Friday upgraded the sovereign credit rating of Georgia from BB– to BB, to estimate the growth of its foreign exchange reserves, high economic growth projections to 2019-2020 and "resistance to external risks." S&P also praised the government's efforts to diversify markets — that is, reducing dependence on Russia — and the success of the reforms. The opposition is criticizing ekonompolitike authorities, welcomed the increased rating, but finds it "strange" given the growth of external debt of Georgia.