An increase in the sovereign rating creates opportunities for Uzbekistan to attract cheaper loans from abroad
2026-02-10 17:00:00 / СМИ о нас
According to him, the achieved macroeconomic results are reflected in the assessments of international organizations and rating agencies such as Fitch, S&P, and Moody's. "Nearly all three agencies have raised Uzbekistan's rating by one notch," he noted.
As reported by Gazeta.uz, the improved ratings have directly impacted the country's operating conditions in international financial markets: borrowing opportunities have expanded, and the cost of external financial resources has decreased.
Specifically, the interest rate on resources attracted from abroad has decreased by 1-1.5 percentage points, which allows for annual savings of $250-$300 million in servicing external debt.
As a reminder, the S&P agency raised Uzbekistan's rating from "BB-" to "BB" for the first time since 2018. Fitch Ratings also improved the rating from "BB-" to "BB" for the first time in seven years. While Moody's maintained the rating at "Ba3," it upgraded the outlook from "stable" to "positive."