Tbilisi (GBC) - According to Fitch Ratings latest 2025 assessment, the international rating agency has upgraded the outlooks for Georgian banks.

The banking sector is one of the largest sectors of Georgia’s economy, and the improved ratings indicate both increased confidence from international investors and strengthened resilience within the sector.

The long-term credit rating outlook has been upgraded to Stable, while the long-term Issuer Default Ratings (IDR) remain at BB, and the Viability Ratings (VR) have been maintained at their existing levels.

At the same time, Fitch Ratings improved the assessment of the operating environment for Georgian banks from ‘bb-/Stable’ to ‘bb/Stable’.

According to the agency, this upgrade is driven by the banking sector’s sustainable development and strong credit performance since 2022. Despite a turbulent environment, the sector’s financial indicators and capital positions have remained stable across the board.