Officials welcome Georgia's upgrade in Standard & Poor's sovereign credit rating

S&P Global Ratings has recently upgrated Georgia to 'BB' from 'BB-' with stable outlook. Photo: Nino Alavidze/, 13 Oct 2019 - 10:02, Tbilisi,Georgia

Officials in Georgia have welcomed Georgia's upgrade in Standard & Poor's (S&P) long-term foreign and local currency sovereign credit ratings from "BB-" to "BB".

Prime Minister Giorgi Gakharia named a number of reasons in his Twitter post, which served as preconditions for the upgrade.