Fitch Ratings delegation visits Uzbekistan
16/09/2019 20:02
Fitch Ratings delegation visits Uzbekistan
16/09/2019 20:02
Tashkent, Uzbekistan (UzDaily.com) -- On 13 September, the Agency for Attracting Foreign Investment hosted a meeting with Dmitry Surkov, Fitch Ratings rating agency managing director and regional department for Russia, the CIS and the Black Sea region.
The main dark discussions were conducted on the study of long-term issuer default ratings (IDRs) in the foreign and national currency regions of Uzbekistan and the transition to the next stage of research.
Dmitry Surkov, thanks to favorable agencies, organized meetings with the leadership of the Samarkand regional khokimiyat and further cooperation. It was noted that the information obtained from Fitch Ratings credit ratings gives the investor an understanding of the stability and reliability of countries and increases the attractiveness of the regions depending on the rating received.
In May 2019, the international rating agency Fitch Ratings affirmed Uzbekistan’s long-term foreign and national credit rating of “BB-” with a rating outlook of stable, and in June Tashkent was first assigned a rating of “BB-” with a “Stable” outlook at the level of sovereign rating.
At the end, the meeting participants emphasized that the joint work of the Agency to attract foreign investment and the Fitch rating will help to create an objective idea of the credit market of Uzbekistan and provide an independent and perspective-oriented assessment of creditworthiness and analytical data necessary for making investment decisions.
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