Fitch Affirms Georgia at 'BB'; Outlook Stable » FINCHANNEL
A credible and effective policy framework and stronger governance indicators relative to 'BB' rating category peers' underpins Georgia's rating. Long-standing support from official creditors have helped reduce risks to macro stability and supported financing needs. These credit strengths are balanced by significant exposure of public debt to foreign-currency (FC) risk, high financial dollarisation, and externalA credible and effective policy framework and stronger governance indicators relative to 'BB' rating category peers' underpins Georgia's rating. L...
Source: finchannel.com