Fitch downgrades Georgia's sovereign credit

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"The dispute continues and we will definitely continue the dispute. Of these 300 million, 200 million are already invested and the state will not lose this amount. Of course, whether it is 100 million or 10 million, this is serious damage," Kobakhidze said. FDI in Georgia has decreased In the third quarter of 2024, a total of $198 million in foreign direct investment entered Georgia, which is 55% less than in the same period last year.


And in the entire 9 months of 2024, FDI was $966 million, which is a 40% decrease year-on-year. BMG requested information from Geostat - which companies have made the largest investments. According to Geostat, the usa fax data companies included in the top ten largest investors have been operating in Georgia for many years. There is only one new company on the list - "Tbilisi Dry Port", which is engaged in the construction of a logistics center near Tbilisi.


rating outlook In December 2024, the international rating agency Fitch downgraded Georgia's outlook. In its updated assessment, Fitch reaffirmed Georgia's sovereign credit rating at "BB". As for the outlook, it was lowered from "stable" to "negative". It is important to note that this was the second change in credit rating expectations in 2024, as Fitch had lowered the rating forecast from "positive" to "stable" in the summer.