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“S&P Global Ratings”: Tajikistan’s sovereign credit rating outlook upgraded to “positive”


On February 13, 2026, the International Rating Agency “S&P Global Ratings” affirmed the long-term sovereign credit rating of the Republic of Tajikistan at “B/B” and changed its outlook from “stable” to “positive”.

The positive change in the outlook is due to the following factors: strengthening international resources, sustainable economic growth and improving dialogue with international partners. At the same time, growing international resources have made possible to timely fulfill the country’s obligations to service external debt and reduce potential pressure on the balance of payments. In this context, additional concessional financing attracted from development partners is also considered as a promoting factor.

The upgrading rating outlook to “positive” is an indicator of recognition of progress in the direction of sustainable macroeconomic management, maintaining financial discipline and strengthening the national economy. 

You can find the full information here:

https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3517691#

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16.02.2026

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