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      Instrument data
      Issuer
      Republic of Georgia
      Senority
      Unsecured
      Currency
      GEL
      ISIN
      GETC22831381
      Coupon percent
      8%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      20,000,000
      Maturity date
      31/08/2022
      -
      WD Outlook: N/A
      WD Outlook: N/A
      Latest change
      Withdrawal
      01/09/2022
      General information
      Rating
      Public
      Unsolicited
      With no issuer participation
      UK endorsed
      EU Rated
      Withdrawal reason: end of maturity of the debt obligation, or in case the debt is redeemed, called, prefunded, cancelled
      Dennis Shen Lead analyst
      Dr. Giacomo Barisone Committee chair
      Scope revises Georgia’s Outlook to Stable from Negative, affirms ratings at BB

      3/9/2021 Rating announcement EN

      Scope revises Georgia’s Outlook to Stable from Negative, affirms ratings at BB

      Improved economic outlook and debt trajectory drive the Outlook change. External sector risk remains a core ratings challenge.

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      Scope revises the Outlook on Georgia to Negative, affirms ratings at BB

      17/4/2020 Rating announcement EN

      Scope revises the Outlook on Georgia to Negative, affirms ratings at BB

      The exposure to the Covid-19 shock, tighter financing conditions and elevated exchange rate volatility amid high dollarisation drive the Outlook change. The commitment to structural reforms and fiscal discipline are credit strengths.

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      Scope affirms Georgia’s credit rating of BB, Outlook remains Stable

      8/6/2018 Rating announcement EN

      Scope affirms Georgia’s credit rating of BB, Outlook remains Stable

      Georgia’s sustained economic performance, commitment to structural reform, and fiscal consolidation support the rating. Reliance on external financing amidst high dollarization as well as a low per-capita income are constraints.

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      Scope assigns Georgia’s credit rating of BB with Stable Outlook

      30/6/2017 Rating announcement EN

      Scope assigns Georgia’s credit rating of BB with Stable Outlook

      Economic resilience, moderate public debt and commitment to structural reforms support the ratings, but are offset by high current-account deficit, high reliance on external financing, large contingent liabilities and political risks.

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