The Ministry of Finance of Georgia on Friday said the country’s risk rating had improved by one level in the credit risk classification of the countries of the Organisation for Economic Co-operation and Development.
The Ministry said the improvement would “increase access to financing” for the private sector, adding the rating was based on the assessment of official export credit agencies of OECD member countries.
The listing also includes non-member countries, the body added, noting the purpose of classification was to assess solvency risks of countries.
The Ministry said improvements in the rating would increase access to financing for the domestic private sector.