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> Index of every page on this site: [llms.txt](https://georgiacapital.ge/llms.txt)

Investor Relations

# Credit Ratings

[![S\&P Global Ratings](https://app.georgiacapital.ge/static/desktop/media/202603065744-logo-ratings.webp)<h3>S&P Rating - 10 June 2026</h3>BB • Stable<h4>Rating Assigned</h4><h5>26 OCT 2023</h5><h4>Rating Affirmed / Updated</h4><h5>10 June 2026</h5>](https://app.georgiacapital.ge/static/file/202606101952-ratingsdirect-researchupdate-georgiacapitaljscupgradedtobboncontinueddeleveragin.pdf)

[S&P Global<h2>S&P Rating - 27 August 2025</h2>27 Aug 2025](https://app.georgiacapital.ge/static/file/202606101847-202602185232-sp-rating-27-august-2025.pdf) [S&P Global<h2>Comment on proposed change to IFRS reporting</h2>27 Sep 2019](https://app.georgiacapital.ge/static/file/202602185553-sp-27-september-2019.pdf) [Moody’s<h2>Comment on proposed change to IFRS reporting</h2>26 Sep 2019](https://app.georgiacapital.ge/static/file/202602185750-2019-september-27-published-issuer-comment-georgia-capital.pdf) [S&P Global<h2>Comment on Georgia Capital's Eurobond tap offer of US$ 65 million</h2>10 Mar 2021](https://app.georgiacapital.ge/static/file/202602180641-sp-publication-mar-10-2021.pdf) [Moody’s<h2>Comment on Georgia Capital's exchange offer to GHG shareholders</h2>20 Nov 2019](https://app.georgiacapital.ge/static/file/202602185849-2019-november-20-issuer-comment-georgia-capital.pdf) [Moody's<h2>Comment on Georgia Capital's Eurobond tap offer of US$ 65 million</h2>08 Mar 2021](https://app.georgiacapital.ge/static/file/202602180755-rating-action-moodys-assigns-b2-rating-to-jsc-georgia-capitals-50-million-notes.pdf)

### Why We Invest in Georgia

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