TBILISI, Aug. 8 (Xinhua) -- S&P Global Ratings has revised the outlook on Georgia's sovereign credit rating to positive from stable, while affirming its "BB/B" long- and short-term ratings, Georgia's Finance Ministry said Saturday.
The positive outlook is underpinned by several key factors, including the accumulation of international reserves, robust economic growth, sound fiscal management, moderate government debt and a stable banking sector, the rating agency said.
S&P said Georgia's credit fundamentals had continued to strengthen, supported by robust economic growth, prudent macroeconomic management and resilient domestic demand.
It noted that the accumulation of international reserves had strengthened the country's external position, while prudent fiscal management had kept government debt at a moderate level.
Georgia's economy has recorded one of the highest growth rates globally, expanding by an average of 8.3 percent annually over the past three years, the agency said.
S&P expects the country's economic growth to remain robust at about 6.4 percent in 2026 and 5.9 percent in 2027, before converging to its medium-term potential of about 5 percent.
