Fitch Rates Bank of Georgia's GEL500m Senior Unsecured Notes Final 'BB-'
(The following statement was released by the rating agency)
MOSCOW, May 25 (Fitch) Fitch Ratings has assigned Bank of
Georgia's (BoG) GEL500
million issue of senior unsecured notes a final long-term rating
of 'BB-'. The
bonds mature in June 2020 and have a coupon rate of 11% per
BoG has a Long-Term Issuer Default Rating (IDR) of 'BB-' with a
Short-Term IDR of 'B', Viability Rating of 'bb-', Support Rating
of '4' and
Support Rating Floor of 'B'.
KEY RATING DRIVERS