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Moody's changes outlook on Georgian government's ratings

Georgia Materials 29 April 2022 10:00 (UTC +04:00)
Aygun Maherramova
Aygun Maherramova
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BAKU, Azerbaijan, April 29. Moody's Investors Service has changed the outlook on the Government of Georgia's ratings from stable to negative, Trend reports with the reference to the Moody’s Investor Service.

On 25 April 2022, a rating committee was called to discuss the rating of the Government of Georgia. The main points raised during the discussion were:

The issuer's economic fundamentals, including its debt profile, have not materially changed.

Also, the Government of Georgia has become increasingly susceptible to event risks.

Downward pressure on the rating could develop from an increase in external vulnerability risks, notably a widening gap between domestic savings and investment, or an escalation of domestic or geopolitical risks. A sustained deterioration in fiscal metrics could also put downward pressure on the rating.

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