Page 49 - GEORptApr21

8.3 Stock market
Georgia market cap at USD717mn in Feb 2021
In February 2021, Georgia’s market capitalisation accounted for USD717mn with daily turnover value of GEL 366.78, according to the Georgian Stock Exchange (GSE).
8.4 International ratings
Georgia - Rating agency
as of March 2021
Bond rating: Moody’s
Ba2 (Stable)
Bond rating: Fitch
BB (Negative)
Bond rating: S&P
BB (Negative)
S&P downgrades Georgia’s outlook to negative
S&P rating agency revised its outlook on Georgia to negative from stable, citing external balance issues and the volatile political situation impeding necessary reforms on February 26.
The negative outlook reflects risks to Georgia's ability to generate adequate foreign exchange earnings to service its sizeable external liabilities over the rating agency's forecast horizon, S&P said in its statement.
49 GEORGIA Country Report April 2021 www.intellinews.com