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Georgia’s sovereign credit rating is left unchanged by S&P and Fitch

7 mins read

The FINANCIAL — Despite the COVID-19 pandemic and the global economic crisis that is in the world, two very influential rating companies, Fitch and S&P, have left Georgia’s sovereign rating, perspective and outlook unchanged at BB level. According to the report of the international rating agency S&P, the retention of economic stability despite external challenges was deemed a strong point of Georgia’s sovereign credit rating. The fact that Georgia’s perspective and credit rating remained the same considering that the ratings of a number of countries have deteriorated, clearly indicates confidence in Georgia’s economic policy. According to Ministry of Economy and Sustainable…

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Georgia’s sovereign credit rating is left unchanged by S&P and Fitch

7 mins read

The FINANCIAL — Despite the COVID-19 pandemic and the global economic crisis that is in the world, two very influential rating companies, Fitch and S&P, have left Georgia’s sovereign rating, perspective and outlook unchanged at BB level. According to the report of the international rating agency S&P, the retention of economic stability despite external challenges was…

Apple, Nike and other retailers announced closing many or all of their stores

5 mins read

The FINANCIAL – Many retailers announced that they are closing their doors until at least the end of March to prevent the spread of the coronavirus. Apple will be closing all of their retail stores outside of Greater China. The most effective way to minimize risk of the virus’s transmission is to reduce density and…