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BRIEF-Moody's upgrades Georgia's ratings to BA2 from BA3 and maintains a stable​ outlook
September 11, 2017 / 5:00 PM / a month ago

BRIEF-Moody's upgrades Georgia's ratings to BA2 from BA3 and maintains a stable​ outlook

Sept 11 (Reuters) - Moody‘s:

* Moody’s upgrades Georgia’s ratings to BA2 from BA3; outlook remains stable​

* Moody’s says ongoing economic reforms, supported by the International Monetary Fund, will mitigate some of Georgia’s underlying credit weaknesses

* Moody’s says material banking sector and external vulnerability risks continue to constrain Georgia’s rating

* Moody’s says rating upgrade, stable outlook based on Georgian economy’s resilience in wake of regional economic shock Source text for Eikon:

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