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Moody's Assigns Ba2 Rating To Bank Of Georgia's Planned USD Notes
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, May 26. Moody's Ratings has
assigned a Ba2 foreign-currency senior unsecured rating to Bank of
Georgia's planned issuance of US dollar-denominated senior
unsecured notes, Trend reports.
The outlook on the rating remains negative.
According to Moody's, the proposed notes will rank pari passu with the bank's other unsecured and unsubordinated obligations.
The agency said the Ba2 rating reflects the bank's standalone credit profile, including strong profitability supported by its established domestic market position and solid capitalization levels.
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