Ratings and Performance Highlights

Operating Indicators 2016 2017 2018 2019 9M 2019 9M 2020
Freight turnover, mln. tones-kilometers 3,390 2,930 2,571 2.909 2,082 2,133
Passenger turnover, mln. passenger-kilometers 509 597 634 677 535 226

Financial Highlights 2016 2017 2018 2019 9M 2019 9M 2020
Revenue mln. Gel 439,922 434,534 424,614 491,038 363,475 364.164
EBITDA 281,755 211,851 172,322 223,178 172,433 176,559
Adjusted EBITDA 195,149 181,425 156,846 216,224 165,621 167,797

Credit Ratings

First issued LT Outlook ST Last issued LT Outlook ST
Standard & Poor's 2010 B+ Stable B 2020 B+ Negative B
Fitch Ratings 2010 B+ Stable B 2020 BB- Negative B

Standard and Poor`s Fitch
Date LT Outlook ST Date LT Outlook ST
Jun-20 B+ Negative B May-20 BB- Negative B
Apr-19 B+ Positive B Mar-19 BB- Stable B
Sep-18 B+ Stable B Nov-18 B+ Positive B
Sep-17 B+ Negative B Jan-17 B+ Stable B
Sep-16 B+ Stable B Sep-16 BB- Negative B
Mar-12 BB- Stable B Dec-14 BB- Stable B
Jun-10 B+ Stable B Nov-13 BB- Negative B
Dec-11 BB- Stable B
Mar-11 B+ Positive B
May-10 B+ Stable B