Jan 3, 2011

Georgia`s credit rating improved

Standard & Poor`s has increased the credit rating of Georgia from B to B+. Transfer and Convertibility Assessment rating has been also improved from BB- to BB index.

According to the assessment of the S&P analyst, Georgian government is focused on market reforms, which is supposed to improve economic situation and fiscal indicators.

The low tax rate and friendly business environment stipulates the flow of growing investments in Georgia. In addition, Georgia is a transit corridor between Europe and Asia. The analysis predicts quick growth of GDP in the country soon.

Firm financial consolidation, economic growth, increase of direct flow of investments to the 2008 index and the reduction of geopolitical tension may soon become the premise for Georgia`s promotion in international economic surveys.