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Bulletin: Bank of Georgia Ratings Not Affected By Announced Plan To Establish New Holding Company Oct 11
Standard & Poors, Oct 2011
Abstract
LONDON (Standard & Poor's) Oct. 7, 2011--Standard & Poor's Ratings Services said today that its ratings and outlook on Bank of Georgia (B/Positive/B) are not affected by the bank's announcement on Sept. 5, 2011 that it plans to establish a nonoperating holding company. The bank expects the holding company to hold the majority of its shares after a share exchange with its current owners is completed....
Companies mentioned in this report are: Bank of Georgia
Action: Bulletin
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 key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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