The Tashkent city khokimiyat has decided to re-engage in the credit rating process with the international agency Fitch Ratings, which earlier withdrew the city’s ratings.
S&P reports that Uzbekistan copes well with the fallout from Russia’s war in Ukraine. However, potential risks exist. Namely, transferring of state-owned enterprises' debt to the government’s balance sheet, budget deficits, and the challenge of foreseeing policy decisions.
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