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."