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Tag Archives: Tegeta Motors

Fitch Affirms Tegeta Motors at ‘B-‘; Withdraws Rating

Fitch Ratings has affirmed Georgian auto parts company Tegeta Motors LLC’s Long-Term Issuer Default Rating (IDR) at ‘B-‘ with Stable Outlook. The rating has simultaneously been withdrawn. The rating of Tegeta Motors is constrained by its small scale, lack of geographical diversification, negative free cash flow (FCF) generation, and tight …

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Fitch Affirms Tegeta Motors Outlook Stable at B-

Fitch Ratings has affirmed Georgian auto spare parts and maintenance provider Tegeta Motors LLC’s expected Long-Term Issuer Default Rating (IDR) of ‘B-(EXP)’. The Outlook is Stable. The affirmation reflects an adequate increase in committed liquidity to offset upcoming 2018 maturities despite the postponed issuance of a planned local-currency bond. Unsuccessful …

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Tegeta Motors: We See Great Potentials on Azerbaijan Market

Tegeta Motors: We See Great Potentials on Azerbaijan Market

Tegeta Motors entered Azerbaijan market. The company, largest service provider in Georgian auto industry, opened the first branch in Baku. Tegeta Motors has made investment of several millions jointly with local partners. We see great potential on Azerbaijani market, – Dmitry Gozalishvili, commercial director of the company so explains the …

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TEGETA MOTORS participates in Automechanika Frankfurt 2016

TEGETA MOTORS participates in Automechanika Frankfurt 2016

TEGETA MOTORS participates in Automechanika Frankfurt 2016. As DWV explains, “Messe Frankfurt” holds international exhibition “Automechanika Frankfurt 2016” on September 13-17 in Frankfurt. The inhabitation will host over 4700 participants from different countries. The participants will have possibility to introduce novelties in the spheres of automobiles, distribution and repair services. …

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Founder of Tegeta Motors Makes Suggestions for Beginner Businessmen

giorgi mshvildadze

Caucasus Business Week had an exclusive interview with one of the founders of Tegeta Motors, Giorgi Mshvildadze, who made few suggestions for beginner businessmen. I am a civil engineer by profession. I have graduated transportation and mechanical engineering faculty at  the Georgian Technical University. I found my first job place at …

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