Tajikistan upgraded its international credit rating
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DUSHANBE, 20.08.2024 /NIAT Khovar/. S&P Global Ratings on August 16 upgraded Tajikistan’s long-term sovereign credit rating from “B-” to “B” with a stable outlook due to improved economic performance. This is reported by the National Bank of Tajikistan.
The rating was boosted by factors such as sustainable economic development and an increase in international resources, which allow our country to timely fulfill its obligations to service external debt and reduce possible pressure on the balance of payments, as well as strengthening foreign economic indicators in recent years.
Since 2014, the National Bank of Tajikistan has been cooperating with international rating agencies to establish the country’s sovereign credit rating. The said rating is reviewed once a year. Among other things, in 2023, the rating agency S&P Global Ratings assigned the Republic of Tajikistan a rating of “B-/B” with a “stable” outlook.
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