Fitch rates Uzbekistan’s upcoming FC Bond ‘BB-(EXP)’

Tashkent, Uzbekistan ( -- Fitch Ratings has assigned Uzbekistan’s upcoming foreign currency-denominated senior unsecured bonds an expected rating of ‘BB-(EXP)’.

The assignment of the final rating is contingent on the receipt of final documents conforming to information already received, the agency said.

Fitch Ratings added that the rating is in line with Uzbekistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR), which Fitch assigned at ‘BB-’ with a Stable Outlook on 20 December 2018.

The bonds’ rating is sensitive to changes in Uzbekistan’s Long-Term Foreign-Currency IDR.

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