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JSC Bank of Georgia (BGEO)

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Wednesday 15 February, 2012

JSC Bank of Georgia

Bank of Georgia Assigned ‘ilA’ Standard &am...

Bank of Georgia Assigned ‘ilA’ Standard & Poor’s Maalot (Israel) National Scale Rating

Bank of Georgia

Bank of Georgia Assigned ‘ilA’ Standard & Poor’s Maalot (Israel) National Scale Rating

JSC Bank of Georgia, the leading bank in Georgia, announced that it was assigned ‘ilA’ Standard & Poor’s Maalot (Israel) National Scale Rating. Ratings above ‘ilA-’ are considered investment grade ratings in Israel, and are generally required by local institutional investors for potential investments.

Bank of Georgia currently holds the following global scale ratings:

Standard and Poor’s:     ‘BB-‘/B
Fitch Ratings: ‘BB-‘/B
Moody’s Investor Services:

B1/NP’ (for foreign currency deposits) & ‘Ba3/NP’ (for local currency
deposits, as well as senior unsecured notes until their redemption last week)

 

For more information contact:

Thea Jokhadze

Head of Funding
29a Gagarin Street
Tbilisi 0160 Georgia
+995 32 2444 192
tjokhadze@bog.ge