S&P predicts hike in funds from Georgian railway operations
18 December 18:42 (UTC+04)
Economy
Funds from operations to debt at Georgian Railway JSC are expected to exceed 8% in 2025–2027, reaching 9–10%. This is supported by EBITDA growth and a workforce reduction from 11,000 to 9,000 by 2029. A $500 million fixed-rate Eurobond maturing in 2028 limits refinancing and interest-rate risks.