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Moody's upgrades credit rating for Bank of Georgia

13 September 2017 13:47

BGEO Group has announced that credit rating agency Moody's upgraded JSC Bank of Georgia's local-currency deposit rating to Ba2 from Ba3, and the Bank's foreign-currency deposit rating to Ba3 from B1.

The Bank's senior unsecured foreign-currency rating was also upgraded to Ba2 from Ba3 with a stable outlook.

At 1:47pm: (LON:BGEO) BGEO Group share price was +20.5p at 3350.5p

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