Ratings and Performance Highlights

Operating Indicators 2014 2015 2016 2017 2018 6M 2018 6M 2019
Freight turnover, mln. tones-kilometers 4,948 4,222 3,390 2,930 2,571 1,297 1,364
Passenger turnover, mln. passenger-kilometers 550 467 509 597 634 271 266

Financial Highlights 2014 2015 2016 2017 2018 6M 2018 6M 2019
Revenue mln. Gel 511,570 574,773 439,922 434,534 424,614 198,593 230,194
EBITDA 250,030 322,787 281,755 211,851 172,322 78,132 103,230
Adjusted EBITDA 251,925 307,828 195,149 181,425 156,846 97,125 70,617

Credit Ratings

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

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