Moody's expects Georgia's solid macroeconomic performance to contunue.
Change to Georgia's outlook reflects assessment that balance of risks has returned to stable, with mix of positive and negative factors.
Geopolitical risks stemming from Russia's invasion of Ukraine remain high in Georgia.
"Strengths of the rating are high economic growth, resilience of the economy to shocks, strong institutional framework, fiscal stability and reduction of inflation."
According to the agency's assessment, the economic growth of Georgia in 2024 is expected at the level of 5.5 percent. According to the agency's expectation, fiscal stability will be firmly maintained in the future, which will ensure the maintenance of a low level of debt and a downward trend.
The downward trend of the current account deficit in recent years has been positively evaluated and it is considered that this is not a temporary but a structural improvement, which is the result of high fiscal discipline on the one hand, and the reforms implemented on the other hand," reads the information.
