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| Identifier: | 05TBILISI3216 |
|---|---|
| Wikileaks: | View 05TBILISI3216 at Wikileaks.org |
| Origin: | Embassy Tbilisi |
| Created: | 2005-12-09 13:18:00 |
| Classification: | UNCLASSIFIED |
| Tags: | EFIN ECON GG Economy |
| Redacted: | This cable was not redacted by Wikileaks. |
This record is a partial extract of the original cable. The full text of the original cable is not available.
UNCLAS TBILISI 003216 SIPDIS DEPT PLEASE PASS EB/IFD/DIA E.O. 12958: N/A TAGS: EFIN, ECON, GG, Economy SUBJECT: S&P RATES GEORGIA AT B+ LONG TERM, B SHORT TERM 1. On December 6, Standard & Poor\'s Ratings Services assigned its \'B \' long-term and \'B\' short-term sovereign credit ratings to the government of Georgia. This is Georgia\'s first sovereign credit rating. S&P says the ratings are \"supported by the government\'s strong political commitment to prudent financial policies and market-oriented structural changes, including tax reforms and the recent acceleration of privatization. The ratings are constrained by weak external liquidiy, still-high inflation, and substantial infrastructure development needs, in the context of a poor institutional framework and political uncertainty arising from regional conflicts.\" 2. Comment: GoG officials were pleased with the December 6 rating, which puts a stamp of approval on their recent efforts. According to a US Treasury advisor to the GoG, S&P\'s \"outlook positive\" distinction means the rating can be reviewed soon. End Comment. TEFFT
The original 2011 source snapshot is cablebrowser-2, released 2011-10-04