Tajikistan's sovereign credit rating has been raised to the "B" level with the prospect of "sustainable development"

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Since 2014, the National Bank of Tajikistan has been cooperating with international rating agencies to determine the country's sovereign credit rating. The rating is assigned once a year. In particular, in 2023, the rating agency S&P Global Ratings assigned the Republic of Tajikistan a "B-/B" rating with the prospect of "sustainable development".

Thus, on August 16, 2024, the S&P Global Ratings upgraded the long-term sovereign credit rating of the Republic of Tajikistan from "B-" to "B" with a "stable" outlook due to improved economic indicators.

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, and the expectation of maintaining a significant share of concessional loans as part of public debt.

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17.08.2024