Moody’s Ratings has affirmed Silk Road Group’s B1 long-term Corporate Family Rating and the B1 rating assigned to the company’s US$400 million bonds issued in 2025, while upgrading the rating outlook from Stable to Positive.
The upgrade of the outlook reflects Moody’s assessment of the continued stability of Silk Road Group’s credit profile and the potential for further improvement in its financial and credit metrics going forward.
A Moody’s credit rating provides an independent assessment of a company’s ability to meet its financial obligations. Such ratings are widely used by investors, banks, bondholders and other financial institutions to assess a borrower’s creditworthiness and the risk of default.
Silk Road Group is a diversified investment holding company with operations across several sectors of the Georgian economy. Its portfolio includes Silknet, one of Georgia’s leading telecommunications companies, as well as businesses operating in hospitality, real estate and energy.
In assigning and reviewing its rating, Moody’s considers a broad range of factors, including the company’s financial performance and profitability, debt levels and debt-servicing capacity, cash-flow generation, business diversification and stability, the sectors and markets in which it operates, liquidity and access to financing, as well as economic and other external risks.
The affirmation of the B1 rating, together with the change in outlook to Positive, represents a favorable assessment of Silk Road Group’s current credit profile and its prospects for further strengthening.
George Ramishvili, Founder and Chairman at Silk Road Group: “We are very pleased to see the Group’s credit rating upgraded, creating new opportunities for our continued growth and development. We expect further positive news in the near future, which we will be delighted to share.”
