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      Instrument data
      Issuer
      Tegeta Motors LLC
      Senority
      Senior Unsecured
      Currency
      GEL
      ISIN
      GE2700604590
      Coupon percent
      14.5%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      20,000,000
      Maturity date
      18/12/2025
      -
      BB- Outlook: None
      BB- Outlook: None
      Latest change
      Affirmed
      17/07/2025
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Claudia Aquino Lead analyst
      Thomas Faeh Committee chair
      Scope affirms issuer rating of Tegeta Motors at BB- and assigns Negative Outlook

      17/7/2025 Rating announcement EN

      Scope affirms issuer rating of Tegeta Motors at BB- and assigns Negative Outlook

      The affirmation reflects Scope’s view that the issuer will refinance the bond maturing in December 2025 after securing adequate external liquidity. The negative outlook accounts for the risk that the funding structure will not improve as expected.

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      Scope places Tegeta Motors ratings under review after updating General Corporate Rating Methodology

      26/2/2025 Rating announcement EN

      Scope places Tegeta Motors ratings under review after updating General Corporate Rating Methodology

      The rating action follows the publication of Scope’s updated General Corporate Rating Methodology, which is likely to have a negative impact.

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