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๐Ÿ‡ฐ๐Ÿ‡ฌ Kyrgyzstan /Economy & Trade

Kyrgyzstan Urges Moody's to Upgrade Sovereign Credit Rating

From 24.kg · (3h ago) Russian

Translated from Russian, summarized and contextualized by DistantNews.

TLDR

  • Kyrgyzstan's Economy and Commerce Minister met with Moody's analysts to request an upgrade of the country's sovereign credit rating.
  • The minister highlighted Kyrgyzstan's consistent economic growth of 9.5-11 percent annually over the past four years.
  • The government aims to strengthen investor confidence and ensure an objective assessment of economic reforms through cooperation with Moody's.

Kyrgyzstan is actively engaging with international credit rating agencies like Moody's to secure a higher sovereign credit rating. Minister of Economy and Commerce Bakyt Sydykov's meeting with Moody's analysts in Washington D.C. underscores the nation's commitment to showcasing its economic progress and reforms. The Kyrgyz government views cooperation with Moody's as crucial for bolstering investor confidence and obtaining an objective evaluation of its economic trajectory.

The minister pointed to the country's robust economic performance, with growth rates between 9.5 and 11 percent annually for the last four years. This growth is attributed to significant investments, strong domestic demand, and the development across key sectors like construction, services, and industry. The government is keen to leverage this positive momentum to attract further investment and improve its standing in the global financial market.

cooperation with Moodyโ€™s is an important part of dialogue aimed at strengthening investor confidence and ensuring an objective assessment of ongoing economic reforms.

โ€” Bakyt SydykovKyrgyzstan's Minister of Economy and Commerce, explaining the importance of engaging with the credit rating agency.

Moody's ratings are influential for investors and financial institutions, impacting a country's borrowing costs. By seeking an upgrade from the current B3 rating, with a positive outlook maintained since July 2025, Kyrgyzstan aims to signal stability and economic health. This proactive approach reflects a broader strategy to integrate more effectively into the global economy and enhance its financial credibility on the international stage.

the countryโ€™s economy has demonstrated steady growth of 9.5โ€“11 percent annually over the past four years, driven by investments, domestic demand, and the development of construction, services, and industry.

โ€” Bakyt SydykovHighlighting Kyrgyzstan's economic performance to Moody's analysts.
DistantNews Editorial

Originally published by 24.kg in Russian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.