According to the Finance Ministry of Georgia, the effective macroeconomic policy carried out in the country during the pandemic period preconditioned Moody’s reaffirmed assigned rating.

The agency also said that 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.

Moody’s Investors Service provides international financial research on bonds issued by commercial and government entities.