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      Instrument data
      Issuer
      Republic of Georgia
      Senority
      Unsecured
      Currency
      GEL
      ISIN
      GETC21711295
      Coupon percent
      6.75%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      60,000,000
      Maturity date
      11/07/2021
      -
      WD Outlook: N/A
      WD Outlook: N/A
      Latest change
      Withdrawal
      12/07/2021
      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 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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