Q3 2019 Georgia Capital PLC Trading Statement Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Third Quarter and 9 Month 2019 Analyst/Investor Call. (Operator Instructions) I must advise you, this conference is being recorded today, the 22nd of October 2019.
Now I'd like to hand the conference over to your speaker today, Irakli Gilauri. Please go ahead.
Thank you. Thank you, everybody, for attending the Q3 trading update. Today, I will talk about the macro GCAP performance in terms of the NAV development and capital allocations.
Giorgi, our CFO, will talk about the performance of our portfolio companies and devaluation. In the end, I will wrap up, and we will have a Q&A session as always.
So let me start with some macro overview. We had a -- an upgrade from S&P from BB to -- BB- to BB which is -- we think that in -- considering the development in the region and globally, we are getting upgrades is a very good news.
We also had a -- and the upgrade was mainly related to this resilience
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