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Summary: Georgian Railway LLC Jun 11

  • ID: 1832210
  • June 2011
  • Region: Georgia
  • Standard & Poors

Abstract
The rating on Georgian Railway LLC (GR), the fully owned, vertically integrated national railway operator in the Republic of Georgia, reflects Standard & Poor's Ratings Services' opinion that the likelihood of timely and sufficient extraordinary government support from the Government of Georgia (B+/Positive/B) is "extremely high." We assess GR's stand-alone credit profile (SACP) at 'b+', based on our view of GR's weak business risk profile and an aggressive financial risk profile. We consider GR as a government-related entity (GRE). In accordance with our criteria for GREs, our view of the "extremely high" likelihood of extraordinary support is based on our assessment of GR's: "Critical" role for the Georgian government, given GR's monopoly position as the manager and owner of the...

Companies mentioned in this report are: Georgian Railway LLC
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify READ MORE >

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Georgian Railway LLC

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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