S&P upgrades credit rating of Georgia Capital
S&P upgrades Georgia Capital's credit rating to BB from BB- with stable outlook.
- Credit rating BB (Stable) (prior BB- (Positive))
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Georgia Capital PLC (the "Company" or "GCAP") announces today that S&P Global Ratings ("S&P") has upgraded the Company's credit rating to BB (Stable) from BB- (Positive), following the outlook upgrade from Stable to Positive in August 2025. The Company's credit rating is now aligned with the sovereign credit rating of Georgia.
The rating upgrade reflects S&P's recognition of Georgia Capital's balanced financial policy, underpinned by continued deleveraging and sustained shareholder returns. The detailed rating announcement is available on S&P's website.
Irakli Gilauri, Chairman and CEO commented: "We are pleased to see our strong operating performance recognised through this rating upgrade. We believe that continued disciplined execution of our strategic priorities, together with Georgia's resilient economic growth, will continue to support the rating over time."
| S&P Global | 'BB'/FC & 'BB'/LC | ||
| Chairman and Chief Executive | Chief Financial Officer | Adviser to the Chairman & CEO | Head of Investor Relations and Funding |
| ir@gcap.ge | +995 322 005 000 | +44 203 178 4034 | +995 322 005 045 |
| ir@gcap.ge | ir@gcap.ge | ir@gcap.ge |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.