Since 2014, the National Bank of Tajikistan has been working with international rating agencies to assign sovereign credit ratings for the country.
As part of the existing cooperation, on August 15, 2025, the International Rating Agency “S&P Global Ratings” affirmed the long-term and short-term sovereign credit ratings of the Republic of Tajikistan at “B/B” with a “stable” outlook. The following factors contributed to the stable outlook: improved dialogue with international partners, stable economic growth and an increase of international resources, which allow our country to meet its obligations to service external debt and reduce potential pressure on the balance of payments in a timely manner, as well as the strengthening of external economic indicators in recent years and the expectation that a significant share of concessional loans in the composition of public debt will remain.
The approval of this rating is evidence of the positive results of economic development and macroeconomic stability management in the country, which will contribute to strengthening the international prestige of the Republic of Tajikistan and attracting foreign investment.
Press Division
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19.08.2025
