The factors highlighted by the company “Fitch” are important – this is a high level macroeconomic management, which actually conditioned the maintenance of our rating - said the Deputy Minister of Finance of Georgia, Nikoloz Gagua while assessing the sovereign credit rating of Georgia by "Fitch".

As he stated, while the credit scores are expected to deteriorate in the world due to the global challenges, maintaining a sovereign credit rating unchanged at the "BB" level is an important message for investors.

Considering the background of the pandemic and the challenges for the global economies, the credit ratings in the world are expected to deteriorate. However, the credit company "Fitch" assessed the Georgian economy and maintained it credit rating at "BB" level. This is an indicator that we received about a year ago and this indicator is maintained today as well Obviously, , this is an additional signal for investors, in particular, the part of the report which emphasizes that macroeconomic governance and macroeconomic stability are at a high level in Georgia," said Nikoloz Gagua, Deputy Minister of Finance of Georgia.