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      Instrument data
      Senority
      Senior Unsecured
      Currency
      GEL
      ISIN
      GE2700605142
      Coupon type
      Floating
      Instrument volume
      60,000,000
      Maturity date
      30/07/2030
      -
      BB- Outlook: None
      BB- Outlook: None
      Latest change
      New
      02/09/2025
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Daniel Szebenyi Lead analyst
      Philipp Wass Committee chair
      Scope affirms BB-/Stable issuer rating on Georgian retailer JSC Nikora Trade

      29/8/2025 Rating announcement EN

      Scope affirms BB-/Stable issuer rating on Georgian retailer JSC Nikora Trade

      The affirmation reflects resilient performance and steady growth, supported by a solid financial risk profile and despite an expansion strategy expected to increase pressure on cash flow and liquidity.

      Date Title