S&P confirms Uzbekistan's rating at BB-/B, with “Stable” outlook
International Rating Agency Standard & Poor's Global Ratings has confirmed the long-term and short-term sovereign credit ratings of the Republic of Uzbekistan on obligations in national and foreign currencies "BB- / B". As reported in the press release of the Agency, the outlook is "Stable".
International Rating Agency Standard & Poor's Global Ratings has confirmed the long-term and short-term sovereign credit ratings of the Republic of Uzbekistan on obligations in national and foreign currencies "BB- / B". As reported in the press release of the Agency, the outlook is "Stable".
This outlook reflects the Agency's expectations that Uzbekistan's fiscal and foreign economic performance will remain strong in the coming years, but will decline slightly due to current account deficits and government borrowing.
Under what condition Uzbekistan's rating will go up?
S&P may raise the country's ratings (although it does not expect this for the next year) if the country's growing integration with the global economy and the reform of state-owned companies lead to greater growth potential and sustainability of the economy. Further diversification of the revenue base and export structure will also have a positive impact on sovereign ratings.
.png "YouTube UZREPORT TV")
