Translated with AI
On February 13, 2026, the international rating agency S&P Global Ratings affirmed the Republic of Tajikistan's long-term sovereign credit rating at "B/B," changing its outlook from "stable" to "positive." This was reported by the National Bank of Tajikistan.
The positive outlook is driven by factors including increased international reserves, sustainable economic growth, and improved dialogue with international partners. The increase in international reserves allowed the government to meet its external debt servicing obligations on time and reduce potential pressure on the balance of payments. Attracting additional concessional financing from development partners was also noted as a positive factor.
The rating upgrade to positive reflects progress in sound macroeconomic management, adherence to fiscal discipline, and strengthening of the national economy.
