Announcements
Drinks
![Scope downgrades LLD’s issuer rating to B- from B+ and revises the Outlook to Negative](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_1998e1a460a0362f2e902dcdc29edcc0b5ebb64a7ffa7ded796e85ce201bc4c5.jpg)
5/2/2024 Rating announcement EN
Scope downgrades LLD’s issuer rating to B- from B+ and revises the Outlook to Negative
The downgrade is driven by weaker operating performance resulting in deteriorating credit metrics, liquidity and governance concerns. The Outlook change reflects the uncertainties around the refinancing of the unsecured bonds maturing in December 2024.
![Scope affirms B+/Stable issuer rating on JSC Lisi Lake Development](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_7f873e5ee61f36e60bcd62aafa3058bb4c7313a2c6c899c4cfd55e0fe495ad72.jpg)
3/2/2023 Rating announcement EN
Scope affirms B+/Stable issuer rating on JSC Lisi Lake Development
The rating affirmation reflects the company’s favourable prospects in the Georgian residential property market and its strong credit metrics and liquidity. The rating is constrained by the company’s small size and lack of diversification.
![Scope affirms B+/Stable issuer rating of Lisi Lake Development JSC](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_44e471f9b6aa154a7fb6f6035fa2cb8332d20d32d2e9b45e6e66b1c822154026.jpg)
3/2/2022 Rating announcement EN
Scope affirms B+/Stable issuer rating of Lisi Lake Development JSC
The rating affirmation reflects the company's robust credit metrics and successful refinancing of the USD 12m bond in December 2021. The small size, lack of significant recurring revenues and concentrated project pipeline remain the main constraints.
![Scope affirms B+/Stable issuer rating for Georgian real estate developer JSC Lisi Lake Development](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_c6c28451ce3aae06c4aefb90618fbd12532b4cdb8a018248bd90b73061532f27.jpg)
3/2/2021 Rating announcement EN
Scope affirms B+/Stable issuer rating for Georgian real estate developer JSC Lisi Lake Development
The ratings are primarily driven by the company's low leverage and robust sales growth but constrained by a lack of significant recurring revenues and a very concentrated project pipeline.
![Scope affirms JSC Lisi Lake Development at B+, Outlook upgraded to Positive; new bond rated at BB](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_7f873e5ee61f36e60bcd62aafa3058bb4c7313a2c6c899c4cfd55e0fe495ad72.jpg)
8/2/2019 Rating announcement EN
Scope affirms JSC Lisi Lake Development at B+, Outlook upgraded to Positive; new bond rated at BB
The Outlook change is driven by the larger development pipeline and improved visibility on funding for the company's two main projects. The rating of the senior unsecured notes worth USD 12m reflects their strong expected recovery.