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Fitch gave “B+” to Georgian Eurobonds

2011-04-13 17:24

Fitch gave “B+” to Georgian Eurobonds. 15829.jpegFitch international rating agency assigned rating "B+" to the recently offered Georgian Eurobonds. As was reported by GHN, this rating coincides with the country's long-term rating.

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For instance, according to Fitch, Georgia's Foreign and Local Currency Issuer Default Ratings (IDRs) long-term rating was given a "B+" level this March.

At the same time, Fitch experts have fixed the country's short-term rating, Foreign Currency IDR, at B+ level and Country Ceiling at BB level.

In the Georgian experts' opinion, Fitch's positive assessment reflects the economic recovery of the country, as well as the declining deficit of financing of the budget and current accounts.

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