Announcements

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      Instrument data
      Senority
      Unsecured
      Currency
      GEL
      ISIN
      GETC28118049
      Coupon percent
      9.375%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      25,000,000
      Maturity date
      18/01/2028
      -
      BB Outlook: Stable
      BB Outlook: Stable
      Latest change
      Affirmed
      02/02/2024
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Dennis Shen Lead analyst
      Alvise Lennkh-Yunus Committee chair
      Scope affirms Georgia’s BB credit ratings, maintaining a Stable Outlook

      2/2/2024 Rating announcement EN

      Scope affirms Georgia’s BB credit ratings, maintaining a Stable Outlook

      Strong public-debt profile, declining government-debt ratio and strong medium-run growth prospects support the ratings. Sustained geopolitical and domestic political risks alongside external vulnerabilities are ratings challenges.

      Scope affirms Georgia’s BB ratings, and maintains a Stable Outlook

      27/1/2023 Rating announcement EN

      Scope affirms Georgia’s BB ratings, and maintains a Stable Outlook

      Resilient growth since Russia-Ukraine crisis, prudent fiscal policy, strong debt profile and strengthened banking system support ratings. Heightened geopolitical and domestic political risks alongside external vulnerabilities are ratings challenges.

      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.

      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.

      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.

      Date Title