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Georgia Capital PLC ( (GB:CGEO) ) has issued an update.
Georgia Capital PLC’s P&C insurance business, Aldagi, has received an upgrade to an investment-grade credit rating of ‘bbb- (Stable)’ from AM Best, marking a significant milestone as the first Georgian insurance company to achieve such a rating. This upgrade reflects Aldagi’s strong balance sheet and risk-adjusted capitalisation, underscoring the quality of its business and representing a notable advancement for both Aldagi and the broader Georgian insurance sector.
More about Georgia Capital PLC
Georgia Capital PLC is a platform for buying, building, and developing businesses in Georgia with holdings in sectors poised for growth and diversification of the Georgian economy. The company focuses on larger-scale investment opportunities in Georgia, aiming for significant equity value growth and eventual monetization through exits. Its portfolio includes a retail pharmacy business, an insurance business, and a healthcare services business, along with stakes in other industries, including a water utility business and Lion Finance Group PLC.
Average Trading Volume: 77,123
Technical Sentiment Signal: Buy
Current Market Cap: £742.6M
See more data about CGEO stock on TipRanks’ Stock Analysis page.