OREANDA-NEWS. Standard & Poor's Ratings Services said today it revised its outlook on the Government of Georgia to stable from positive, owing to increased geopolitical risk. At the same time, the 'B+/B' long-term and short-term sovereign credit ratings were affirmed.

"The outlook change reflects Standard & Poor's view that the geopolitical risks in the region have increased significantly and may impair positive trends in external liquidity, investor sentiment, and economic growth," said Standard & Poor's credit analyst Luc Marchand.

"These risks are partly balanced by still strong economic prospects, underpinned by rapid reform, continued prudent fiscal policies, and an increasingly market-oriented economic structure."