Home / Business / International Rating Agency Fitch Ratings Awarded Georgian Water and Power with “BB-” for the third time

International Rating Agency Fitch Ratings Awarded Georgian Water and Power with “BB-” for the third time

On February 16, 2018, international rating agency Fitch Ratings awarded Georgian Water and Power with “BB-” for the third time in succession, indicating a high degree of reliability, financial sustainability and system management.

Georgian Water and Power is the first non-financial private company in Georgia, which Fitch Ratings has awarded the country’s highest sovereign long-term rating “BB-” in 2015. The sovereign rating of Georgia is the actual maximum, which can be received by an operating company in the country. The above assessment imposes high responsibility for the Georgian Water and Power as the first utility company in the country that has achieved such success.

It should be noted that the company continues to improve and develop water supply infrastructure as the main direction of the Georgian Water and Power management investment policy. The company successfully cooperates with international financial institutions, with the long-term financing of which has implemented a large scale project for the capital.

Georgian Water and Power is credited for financial institutions, which is confirmed by the International Agency Fitch Ratings, the company’s highest sovereign long-term rating “BB-” stable forecast.

Fitch Ratings is the world’s leading rating agency in financial and information services. Namely, credit ratings and research. Fitch Ratings’s expertise and long-term experience in local and international credit markets gives investors access to important and reliable credit and financial solutions.