Silk Road Group’s Credit Rating Outlook Upgraded to Positive by Moody’s
Moody’s Ratings has affirmed Silk Road Group’s B1 long-term Corporate Family Rating and the B1 rating assigned to the company’s US$400 million bonds issued in 2025, while upgrading the rating outlook from Stable to Positive.
The upgrade of the outlook reflects Moody’s assessment of the continued stability of Silk Road Group’s credit profile and the potential for further improvement in its financial and credit metrics going forward.
A Moody’s credit rating provides an independent assessment of a company’s ability to meet its financial obligations. Such ratings are widely used by investors, banks, bondholders and other financial institutions to assess a borrower’s creditworthiness and the risk of default.
Silk Road Group is a diversified investment holding company with operations across several sectors of the Georgian economy. Its portfolio includes Silknet, one of Georgia’s leading telecommunications companies, as well as businesses operating in hospitality, real estate and energy.
In assigning and reviewing its rating, Moody’s considers a broad range of factors, including the company’s financial performance and profitability, debt levels and debt-servicing capacity, cash-flow generation, business diversification and stability, the sectors and markets in which it operates, liquidity and access to financing, as well as economic and other external risks.
The affirmation of the B1 rating, together with the change in outlook to Positive, represents a favorable assessment of Silk Road Group’s current credit profile and its prospects for further strengthening.
George Ramishvili, Founder and Chairman at Silk Road Group: “We are very pleased to see the Group’s credit rating upgraded, creating new opportunities for our continued growth and development. We expect further positive news in the near future, which we will be delighted to share.”
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Basisbank has signed CIPS Direct Participation agreement
08.09.2026.17:13
Basisbank has obtained direct participation in the Cross-Border Interbank Payment System (CIPS), marking an important milestone in the Bank’s development of international payments and RMB business capabilities.
Direct CIPS membership strengthens Basisbank’s connectivity with China and international financial markets, enhances the efficiency of RMB-denominated cross-border transactions, and creates new opportunities to support growing trade and investment relations between Georgia and China.
Alongside joining CIPS, Basisbank signed a Memorandum of cooperation with the Agricultural Bank of China, which will provide the clearing infrastructure for DP CIPS operations.
Basisbank remains committed to strengthening its international banking infrastructure and providing clients with modern, efficient and competitive solutions for cross-border payments.
"Obtaining CIPS direct participant status and establishing a partnership with one of the largest international banks is an important strategic milestone for us, demonstrating once again that Basisbank is actively progressing in alignment with global banking standards. This cooperation will significantly streamline the transaction process in RMB and unlock new opportunities for our clients and business partners interested in international trade," stated Lia Aslanikashvili, Financial Director of Basisbank.
About Basisbank Group
In April 2026, Basisbank acquired a 95.99% stake in Liberty Bank. Basisbank Group is the third-largest systemic financial institution in Georgia, holding an 11% market share. The Group serves over 2 million individuals and more than 65,000 corporate and SME clients. It boasts the largest network nationwide, operating around 500 service centers and nearly 700 ATMs across all regions and municipalities of Georgia.
According to data from the first 7 months of 2026, Basisbank Group's total assets stand at GEL 12.1 billion, with a total loan portfolio of GEL 7.9 billion and a deposit portfolio of GEL 9.1 billion. The Group's net profit for the first 7 months of 2026 reached GEL 128 million.
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