18 Oct 2014 - 16:01
Georgian financial officials are celebrating a positive affirmation by Fitch Ratings, a global ratings agency.
Fitch Ratings affirmed Georgia's credit ratings at "BB-", and advanced the outlook from "Stable” to "Positive”.
Georgia’s Economy Ministry believed this positive change was based on several factors:
The Ministry expected the AA and DCFTA deals would have more positive results in the future.
In 2012, an EU-commissioned study said, if implemented and sustained, the DCFTA could increase exports to the EU by 12 percent and imports by 7.5 percent. In the long run, it could boost national income by €292million (705 million GEL).