Portfolio Overview & Capital Allocation
SOVEREIGN RATINGS WITH FAVOURABLE MACRO FUNDAMENTALS
GEORGIA
CAPITAL
Key Ratings Highlights
Rating Agency
Rating
Outlook
Affirmed
MOODY'S
Ba2
Stable
August 2020
S&P Global
BB
Stable
August 2020
Fitch Ratings
BB
Negative
August 2020
Georgia is favorably placed among peers
Aw
Fitch Rating
JAMANIA
LABYA
Outlook
Stable
Area: 69,700 sq. km
Country
Country Rating
Armenia
B+
Azerbaijan
BB+
Negative
Belarus
B
Negative
Czech Republic
AA-
Stable
Georgia
BB
Negative
Kazakhstan
BBB
Stable
Turkey
BB-
Negative
Ukraine
B
Stable
General Facts
TURKEY
Georgia
KAZAKHSTAN
Festiva
Population (2019): 3.7 million
Capital: Tbilisi;
Economy
Life expectancy: 73.5 years
Official language: Georgian
Literacy: 100%
Currency (code): Lari (GEL)
Nominal GDP (Geostat) 2019: GEL 50 billion (US$17.7 billion)
Real GDP growth rate 2020 (snap estimate): -6.1%
Real GDP 2010-2019 annual average growth rate: 4.8%
GDP per capita 2019 (PPP, international dollar) IMF: 12,227
Annual inflation 2020: 5.2%
External public debt to GDP 2020 (expected): 47.7%
RUSSIA
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