Ratings and Performance Highlights

Operating Indicators 2016 2017 2018 2019 6M 2019 6M 2020
Freight turnover, mln. tones-kilometers 3,390 2,930 2,571 2.909 1,364 1,494
Passenger turnover, mln. passenger-kilometers 509 597 634 677 266 126

Financial Highlights 2016 2017 2018 2019 6M 2019 6M 2020
Revenue mln. Gel 439,922 434,534 424,614 491,038 230,194 245,018
EBITDA 281,755 211,851 172,322 223,178 103,230 114,171
Adjusted EBITDA 195,149 181,425 156,846 216,224 97,125 112,151

Credit Ratings

First issued LT Outlook ST Last issued LT Outlook ST
Standard & Poor's 2010 B+ Stable B 2019 B+ Negative B
Fitch Ratings 2010 B+ Stable B 2019 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