Evaluating Kyrgyzstan’s Sovereign Credit Rating
Bishkek, January 11, 2025 – A meeting chaired by the head of the Cabinet of Ministers of Kyrgyzstan, Adylbek Kasymaliev, was held to discuss the assignment of a sovereign credit rating to the country. The importance of this indicator for Kyrgyzstan was highlighted during the meeting, with Kasymaliev emphasizing that a credit rating plays a crucial role in attracting foreign investment and accessing international capital markets.
The meeting participants discussed the action plan and key stages required to obtain the sovereign credit rating. However, specific steps and timelines for achieving this goal were not disclosed by the Cabinet of Ministers.
A sovereign credit rating serves as a tool to evaluate a state’s ability to fulfill its financial obligations in a timely and complete manner. Essentially, it is an assessment of the likelihood of default. Stay tuned to 24.kg news agency for updates on Kyrgyzstan’s progress towards obtaining its sovereign credit rating.
