International rating agency Scope Ratings assigned BB rating to JSC Nikora, and affirmed B+ rating to JSC Nikora Trade
Leading German-based rating agency “Scope Ratings” awarded BB rating to JSC “Nikora”, and affirmed B+ rating to JSC “Nikora Trade”.
JSC “Nikora” BB rating was granted due to its growing production, diversified portfolio, successful management, as well as sustainable financial performance and stability.
JSC “Nikora Trade” was awarded with B+ rating in 2018. Affirmed B+ rating is the highest rating the company could achieve on Georgian market. This ranking, once again highlights that “Nikora Trade” is a credible, financially transparent, highly resilient and highly profitable retailer. “Nikora Trade” is the first company in Georgia to achieve this kind of rating in the field of food and household products retail.
The BB-rating for “JSC Nikora” and B + for “Nikora Trading” is not just an assessment. It also shows appreciation for the road both companies took in terms of success and financial transparency. https://www.scoperatings.com/#home
Nowadays, JSC "Nikora" incorporates meat products, semi-finished products, fish products, dairy products, ice-cream, bakery, salads and wine companies, as well as various types’ food products and wine import. JSC “Nikora”s subsidiary, JSC “Nikora Trade”, owns 270 retailing units in Georgia, including biggest retail chains: Nikora Supermarket and Libres that hosted 52 million customers in 2018.