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Fitch Revises Outlook on Georgia’s JSC Partnership Fund to Positive

Fitch Ratings has revised Georgia-based JSC Partnership Fund’s (PF) Outlook to Positive from Stable while affirming the entity’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BB-‘. The agency has also affirmed the company’s Short-Term Local Currency IDR at ‘B’. The revision of the Outlook follows a recent …

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Fitch Improves Procredit Bank Georgia’s Outlook

Fitch Improves Procredit Bank Georgia's Outlook

Fitch Ratings imporved Procredit Bank Georgia’s outlook. The Rating Agency revised Procredit Bank Georgia’s Outlook to Positive from Stable. The revision of the Outlook to Positive follows the revision of the Outlook on Georgia’s sovereign rating to Positive from Stable. The affirmation of PCBG’s ‘BB’ Long-Term IDRs at one notch …

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Fitch Revises Georgia’s Outlook to Positive and Affirms at ‘BB-‘

Fitch Ratings-London-16 March 2018Fitch Ratings has revised the Outlook on Georgia’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to Positive from Stable and affirmed the IDRs at ‘BB-‘. Link to Fitch Ratings’ Report(s): Georgia – Rating Action Report KEY RATING DRIVERS The revision of the Outlook to Positive reflects the …

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Fitch Upgrades Basisbank, Affirms Two Other Georgian Mid-Sized Banks

Fitch Ratings-Moscow/London-18 December 2017: Fitch Ratings has upgraded Basisbank’s (Basis) Long-Term Issuer Default Rating (IDR) to ‘B+’ from ‘B’ and affirmed Cartu Bank’s (Cartu) and Halyk Bank Georgia’s (HBG) IDRs at ‘B+’ and ‘BB-‘, respectively. Fitch has revised the Outlook on Cartu to Negative from Stable. The Outlooks on Basis …

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Fitch Assigns ENERGO-PRO Georgia BB; Outlook Stable

Fitch Ratings has assigned Georgia-based electricity distribution company JSC ENERGO-PRO Georgia (EPG) an Expected Long-Term Foreign Currency Issuer Default Rating (IDR) of ‘BB(EXP)’ with Stable Outlook. The ratings are aligned with those of its sole shareholder, ENERGO-PRO, reflecting strong ties between the two, as the parent provided guarantees for the …

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Fitch Ratings Approved Silknet’s ‘B +’ Credit Rating

Leading international rating company Fitch confirmed Silknet B + credit rating in 2017 as well. The rating was given to company in 2016. ”We are glad that Fitch has confirmed the Silknet credit rating, which was first received about a year ago.We are one of the first companies from non-finance …

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Fitch Names Impacting factors on Georgian Economy

Fitch Names Impacting factors on Georgian Economy

Fitch Rating will submit assessment of Georgian economy on September 30. Georgia’s outlook by Fitch has become known to GBC. According to  Richard Grieveson, Director of Eastern Europe Sovereigns at Fitch Ratings, pressure over the foreign exchange reserves is among the negative factors impacting the rating. Grieveson explains that internal and regional political climate has …

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2016 Will Be Another Challenging Year of Growth for Georgia: Fitch Ratings

Georgian Market

Fitch Ratings has affirmed Georgia’s Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BB-‘ with Stable Outlooks. The issue ratings on Georgia’s senior unsecured foreign- and local-currency bonds are also affirmed at ‘BB-‘. The Country Ceiling is affirmed at ‘BB’ and the Short-term foreign-currency IDR at ‘B’. Key …

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Georgia’s Banking Sector Looks to 2016 with Optimism

The Fitch rating for the Georgian bank sector is “Stable”. This signifies considerable reserves of commercial banks will compensate the quality of assets affected by the GEL depreciation. The 36% devaluation was the main challenge in 2015. The bank sector has showed steadiness amid the GEL depreciation, GDP growth slowdown …

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Fitch Revises Georgia’s Outlook to Stable; Affirms at ‘BB-‘

Fitch Revises Georgia's Outlook to Stable; Affirms at 'BB-'

Fitch Ratings-London-17 April 2015: Fitch Ratings has revised the Outlook on Georgia’s Long-term foreign and local currency Issuer Default Ratings (IDR) to Stable from Positive and affirmed the IDRs at ‘BB-‘. The issue ratings on Georgia’s senior unsecured foreign and local currency bonds have also been affirmed at ‘BB-‘. The …

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