According to the Georgian Finance Ministry, the international rating agency Moody’s affirmed Georgia’s sovereign credit ratings at Ba2 with a stable outlook.

The effective macroeconomic policy carried out in the country during the pandemic period preconditioned Moody’s reaffirmed assigned rating.

As the agency said, structural reforms contributed to coping with the economic crisis.

Georgia’s Ba2 stable credit profile is underpinned by the strength of its institutions, which have fostered economic resilience and underpinned the country’s track record of robust economic growth.