Home / Economy / The Finance Minister Evaluates Moody’s New Rating

The Finance Minister Evaluates Moody’s New Rating

”Georgia’s improved credit rating Ba2 is a positive signal for foreign partners and it will facilitate attracting foreign investments and international capital in the country,”-Said First Deputy Prime Minister, Minister of Finance Dimitri Kumsishvili at the briefing held at the Ministry of Finance.

On September 11, 2017, international rating company Moody’s has improved Georgia’s sovereign credit rating from Ba3 to Ba2, while the situation is still stable.

It should be noted that the rating company has improved the sovereign credit rating of the country (Ba3) in October 2010.

“According to Moody’s, new, convincing reforms will positively affect Georgia’s credit conditions. Effectiveness of fiscal reforms, supported by the International Monetary Fund, will support economic growth and generate savings,”-Said First Deputy Prime Minister, Minister of Finance Dimitri Kumsishvili at the briefing dedicated to improving the sovereign credit rating of Georgia by the international rating company.