Moody changed the forecast for Georgia’s ratings “negative”

Moody’s international rating agency has changed the forecast for long -term Georgia credit ratings on national and foreign currency for the “negative” co “stable”, ratings have been confirmed at the BA2 level. This is stated in the agency’s press release.

“The decision to change the” negative “forecast reflects our assessment that the risks for institutional stability and Georgia management are growing against the background of more and more complex internal and geopolitical processes,” Moody said.

According to the agency, the public administration system in Georgia can weaken against the background of the internal and geopolitical crisis, which increases the risk of reducing the effectiveness of financial and macroeconomic policy. Confirming a reduction in management efficiency is the suspension of the cooperation program along with the IMF.

At the same time, the confirmation of Georgian ratings at the BA2 level reflects strong economic and fiscal positions, the press release is mentioned.

According to the agency, Georgia maintains strong economic growth. This will contribute to the ongoing cooperation with international financial institutions.

Remember that in January Paca approved a resolution in which he imposed sanctions against Georgia’s power and demanded that elections to the first parliamentary hold it. After that, the Georgia delegation said he suspended the Paca work, but remains a member of the European council.