The international rating agency Moody's has raised Uzbekistan's sovereign credit rating by one notch, assigning it a "Ba2" rating with a "stable" outlook. This was announced in the agency's official report.
This decision is seen as a positive assessment of Uzbekistan's economic stability, public financial management system, and reforms implemented in recent years. Previously, the country's Moody's rating was at the "Ba3" level, but it has now been raised to the "Ba2" level.
According to experts, the improvement in the credit rating will expand Uzbekistan's ability to attract funds on more favorable terms in international financial markets. This could lead to cheaper external borrowing, increased investment attractiveness, and create additional opportunities for implementing new economic projects.
It is noted that the upgrade is assessed as a result of reforms in the country's economy, measures to ensure macroeconomic stability, and support for the private sector.
For information, Moody's is one of the world's largest international rating agencies. Its assessments are accepted by international investors and financial institutions as an important criterion for evaluating countries' ability to meet their debt obligations.
