What Uzbekistan's improved credit rating means for business and employment

International rating agency Moody’s has upgraded Uzbekistan’s long-term sovereign credit rating by one notch, raising it from Ba3 to Ba2 while shifting the outlook from positive to stable.

Photo: Telegram / SShMirziyoyeva

Saida Mirziyoyeva, Head of the Presidential Administration, commented on the upgrade, describing it as a direct outcome of the systematic work carried out under the leadership of the President of Uzbekistan to strengthen the country's economic potential.

Explaining the practical implications of the higher rating for the general public and business community, Mirziyoyeva noted that the upgrade translates into investments secured on better terms, access to cheaper financing, and the creation of new enterprises and employment opportunities.

Despite the positive evaluation from the global rating agency, she emphasized that the government's economic agenda remains extensive. Mirziyoyeva outlined the overarching national objective as building a strong, open, and competitive economy capable of ensuring a prosperous and dignified future for all citizens of Uzbekistan.