Fitch Revises Basisbank's and Liberty's Outlook to „Positive“
International rating agency Fitch Ratings has revised the rating Outlook for Basisbank and Liberty to "Positive" and affirmed the Long-Term Issuer Default Rating (IDR) at 'B+'. This rating action follows Basisbank's successful acquisition of a 95.99% stake in Liberty.
According to Fitch Ratings, the acquisition of Liberty by Basisbank more than doubles the bank's size, establishing it as the third-largest bank in the sector. The "Positive" Outlook reflects Fitch's expectation that this transaction will significantly increase the consolidated group's business scale, enhance competition, and drive diversification within the Georgian financial market.
Regarding the revision of the rating Outlook, David Tsaava, General Director of Basisbank and Liberty, stated: "The upgrade of the rating Outlook for Basisbank and Liberty to 'Positive' by Fitch is a significant recognition of the strategic step we took by acquiring Liberty. This decision confirms that our unity creates a powerful, diversified, and highly competitive financial institution."
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Fitch Revises Basisbank's and Liberty's Outlook to „Positive“
06.05.2026.13:50
International rating agency Fitch Ratings has revised the rating Outlook for Basisbank and Liberty to "Positive" and affirmed the Long-Term Issuer Default Rating (IDR) at 'B+'. This rating action follows Basisbank's successful acquisition of a 95.99% stake in Liberty.
According to Fitch Ratings, the acquisition of Liberty by Basisbank more than doubles the bank's size, establishing it as the third-largest bank in the sector. The "Positive" Outlook reflects Fitch's expectation that this transaction will significantly increase the consolidated group's business scale, enhance competition, and drive diversification within the Georgian financial market.
Regarding the revision of the rating Outlook, David Tsaava, General Director of Basisbank and Liberty, stated: "The upgrade of the rating Outlook for Basisbank and Liberty to 'Positive' by Fitch is a significant recognition of the strategic step we took by acquiring Liberty. This decision confirms that our unity creates a powerful, diversified, and highly competitive financial institution."
