Europe’s leading credit rating agency, Scope Ratings, has updated and once again confirmed Cellfie Mobile’s high credit rating of BB-/Stable. The rating reflects the company’s strong financial performance, efficient operations, and the resilience of Georgia’s telecom sector. Scope Ratings notes that Cellfie maintains a stable market position, healthy profitability, and moderate debt levels. The stable outlook is based on expectations that the company’s competitive standing and financial stability will remain solid. The assessment also highlights Cellfie’s rapid network development and its continued investments in coverage and service quality enhancements.

“I’m pleased that Scope Ratings has once again confirmed Cellfie Mobile’s high credit rating. This recognition reflects the achievements we have made in improving profitability, expanding our product portfolio, upgrading technologies, and enhancing customer experience. Notably, our financial risk indicators have improved due to reduced leverage and a healthier capital structure,” said Irakli Chedia, CFO of Cellfie Mobile. “Our strong credit position enables us to attract financing on even more favourable terms for infrastructure development across the country - which directly translates into better network quality for our customers,” added Chedia.

Scope Ratings is one of Europe’s leading credit rating agencies, registered under the EU Rating Regulation and operating within the EU with ECAI status. It is the only European rating agency approved by the European Central Bank for use within the Eurosystem Credit Assessment Framework (ECAF).