Announcements

    Drinks

      Scope affirms Georgia’s BB credit ratings, maintaining a Stable Outlook

      2/2/2024 Rating announcement EN

      Scope affirms Georgia’s BB credit ratings, maintaining a Stable Outlook

      Strong public-debt profile, declining government-debt ratio and strong medium-run growth prospects support the ratings. Sustained geopolitical and domestic political risks alongside external vulnerabilities are ratings challenges.

      Scope has completed a monitoring review on the Republic of Georgia

      8/12/2023 Monitoring note EN

      Scope has completed a monitoring review on the Republic of Georgia

      The periodic review has resulted in no rating action.

      Scope has completed a monitoring review on the Republic of Georgia

      14/7/2023 Monitoring note EN

      Scope has completed a monitoring review on the Republic of Georgia

      The periodic review has resulted in no rating action.

      Scope affirms Georgia’s BB ratings, and maintains a Stable Outlook

      27/1/2023 Rating announcement EN

      Scope affirms Georgia’s BB ratings, and maintains a Stable Outlook

      Resilient growth since Russia-Ukraine crisis, prudent fiscal policy, strong debt profile and strengthened banking system support ratings. Heightened geopolitical and domestic political risks alongside external vulnerabilities are ratings challenges.

      Scope has taken no action on the Republic of Georgia

      12/8/2022 Monitoring note EN

      Scope has taken no action on the Republic of Georgia

      Monitoring review announcement

      Scope takes no action on the Republic of Georgia

      25/2/2022 Monitoring note EN

      Scope takes no action on the Republic of Georgia

      Monitoring review announcement

      Scope revises Georgia’s Outlook to Stable from Negative, affirms ratings at BB

      3/9/2021 Rating announcement EN

      Scope revises Georgia’s Outlook to Stable from Negative, affirms ratings at BB

      Improved economic outlook and debt trajectory drive the Outlook change. External sector risk remains a core ratings challenge.

      Scope takes no action on Georgia

      19/3/2021 Monitoring note EN

      Scope takes no action on Georgia

      Monitoring review announcement.

      Scope has completed a monitoring review for Georgia

      2/10/2020 Monitoring note EN

      Scope has completed a monitoring review for Georgia

      Monitoring review announcement

      Scope revises the Outlook on Georgia to Negative, affirms ratings at BB

      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.