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      Instrument data
      Issuer
      Republic of Georgia
      Senority
      Senior Unsecured
      Currency
      GEL
      ISIN
      GETC29828125
      Coupon percent
      8.25%
      Coupon type
      Fixed
      Instrument volume
      420,625,000
      Maturity date
      28/08/2029
      -
      BB Outlook: Negative
      BB Outlook: Negative
      Latest change
      Outlook/trend
      10/01/2025
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Dennis Shen Lead analyst
      Alvise Lennkh-Yunus Committee chair
      Scope affirms the Republic of Georgia's BB credit ratings and revises the Outlooks to Negative

      10/1/2025 Rating announcement EN

      Scope affirms the Republic of Georgia's BB credit ratings and revises the Outlooks to Negative

      A rise of institutional, geopolitical and external-sector risk drives the Outlook change. Declining and moderate levels of government debt, a strong government debt profile, and robust growth support the ratings.

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      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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