Translated with AI
The international rating agency Moody's Ratings has upgraded the Republic of Tajikistan's long-term sovereign credit rating to B2 and assessed its outlook as "stable," according to the National Bank of Tajikistan.
Tajikistan has been cooperating with the international rating agency Moody's Ratings since 2014. This is the first time the sovereign rating has been upgraded to B2. This achievement is seen as a result of the country's consistent implementation of a balanced macroeconomic policy and structural reforms.
According to the rating agency, the rating's improvement from B3 to B2 is due to the country's sustained economic growth in recent years, strengthening of its fiscal position, and continued positive macroeconomic indicators.
The stable outlook reflects the rating agency's positive expectations regarding the continuation of a prudent fiscal policy and the maintenance of macroeconomic stability in the medium term.
At the same time, the continued implementation of economic and structural reforms, the reduction of risks associated with the sustainability of public debt, and the strengthening of public financial management are among the factors that contributed to the improvement of the country's rating assessment.
The improvement in the country's sovereign credit rating demonstrates the growing confidence of international partners and financial markets in the Republic of Tajikistan's macroeconomic policy and financial stability. It also creates favorable conditions for expanding opportunities to attract investment, reducing borrowing costs, and strengthening the country's position in the international financial arena.
