Moody's upgrades sovereign credit rating of Kyrgyzstan to B2 Stable
1 report, 1 independent
Updated Oct 1
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What happened
Moody's has raised the sovereign credit rating of the Kyrgyz Republic from B3 to B2, assigning a Stable outlook. The upgrade was announced by the Cabinet of Ministers of the Kyrgyz Republic. The rating agency noted the upgrade was based on continued economic growth, economic diversification, and increased GDP per capita.
From english.pravda.ru
Why it matters
The upgrade reflects an improvement in the country's overall credit profile and its standing in international financial markets. The factors cited included large-scale infrastructure investments, improved public finances, and effective fiscal policy in broadening the budget's revenue base.
From english.pravda.ru
Who's involved
- KyrgyzstanSovereign state whose credit rating was upgraded.
- Cabinet of MinistersExecutive body responsible for managing the state interests of the Kyrgyz Republic.
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The entities involved
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Cabinet of Ministers
Turkmen government
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Kyrgyzstan
sovereign state in Central Asia