© Photo: Maria Novoselova/ Vestnik Kavkaza
Fitch has affirmed Georgia at ‘BB’ with a Negative Outlook due to low reserves and political situation, which the agency sees as risky.
Fitch Ratings’ key government rating, the long-term indicator of an issuer’s default in foreign currency, was left for Georgia at ‘BB’. The agency also affirmed a Negative Outlook on the dynamics of this indicator.
Fitch noted that in comparison with its peers, Georgia has a high level of economic development, a monetary policy that does not cause concern, a strong financial system and a small public debt. In the first quarter of 2025, the republic’s economy grew by 8.8%.
