Fitch Revises Georgia's Outlook to Stable; Affirms at 'BB-'

April 17, 2015 8:13 PM

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(The following statement was released by the rating agency) LONDON, April 17 (Fitch) Fitch Ratings has revised the Outlook on Georgia's Long-term foreign and local currency Issuer Default Ratings (IDR) to Stable from Positive and affirmed the IDRs at 'BB-'.

The issue ratings on Georgia's senior unsecured foreign and local currency bonds have also been affirmed at 'BB-'. The Country Ceiling has been affirmed at 'BB' and the Short-term foreign currency IDR at 'B'. KEY RATING DRIVERS The revision of the Outlook to Stable reflects the following key rating ...

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