Announcements
Drinks
17/4/2020 Rating announcement EN
Scope revises the Outlook on Georgia to Negative, affirms ratings at BB
The exposure to the Covid-19 shock, tighter financing conditions and elevated exchange rate volatility amid high dollarisation drive the Outlook change. The commitment to structural reforms and fiscal discipline are credit strengths.
8/6/2018 Rating announcement EN
Scope affirms Georgia’s credit rating of BB, Outlook remains Stable
Georgia’s sustained economic performance, commitment to structural reform, and fiscal consolidation support the rating. Reliance on external financing amidst high dollarization as well as a low per-capita income are constraints.
30/6/2017 Rating announcement EN
Scope assigns Georgia’s credit rating of BB with Stable Outlook
Economic resilience, moderate public debt and commitment to structural reforms support the ratings, but are offset by high current-account deficit, high reliance on external financing, large contingent liabilities and political risks.
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