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      Instrument data
      Issuer
      Republic of Georgia
      Senority
      Unsecured
      Currency
      GEL
      ISIN
      GETC27127058
      Coupon percent
      9.75%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      80,000,000
      Maturity date
      27/01/2027
      -
      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.

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      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.

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      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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