Fitch Ratings raises GOGC rating outlook to Positive from Stable

10 March, 2015
Fitch Ratings affirmed JSC Georgian Oil and Gas Corporation's current rating and raised it to Positive Outlook from Stable Outlook. JSC Georgian Oil and Gas Corporation has a rating equivalent to the state, which is the highest possible rating for Georgian companies.

As you remember, in May 2012, GOGC successfully placed USD 250 million Eurobond with 6.875% interest rate in London Stock Exchange.

According to GOGC, the rating upgrade is a significant factor for the positive image of the company, creation of its positive history which will facilitate attraction of financial resources at International Financial Markets for GOGC as well as other Georgian companies.