The National Bank of Georgia published a notice that Moody’s has maintained Georgia’s sovereign credit rating at Ba2 and improved the outlook to stable from negative. Moody’s linked the outlook upgrade to strong economic performance that, in its view, reduces risks tied to domestic and geopolitical challenges, and it also pointed to the effectiveness of fiscal and monetary policy supported by cooperation with international financial institutions. Moody’s said Georgia’s economic growth is expected to remain strong, supported by broad economic activity, domestic consumption and investment, while prudent public debt management should further strengthen fiscal sustainability. The agency raised its economic growth forecast to 6.4% and cited Georgia’s strategic position and role in the Middle Corridor as factors that could support investment inflows from the region and beyond. The release also notes Moody’s assessment that the National Bank of Georgia has already implemented several International Monetary Fund recommendations, including steps to ensure a majority of nonexecutive members on the bank’s board, limits on discretionary financial transfers to the government and organizational changes. It added that the central bank is working on a legal framework to introduce collegial decision-making and strengthen board member qualifications in line with IMF recommendations.
National Bank of Georgia2026-07-01
National Bank of Georgia highlights Moody’s affirmation of Georgia at Ba2 and outlook revision to stable
The National Bank of Georgia said Moody’s has kept Georgia’s sovereign rating at Ba2 and revised the outlook to stable from negative. Moody’s cited strong economic performance, fiscal discipline and effective policy settings, and raised its growth forecast to 6.4%. The release also notes Moody’s view that the central bank has already implemented several IMF recommendations and is developing further governance changes.