The KSE has added a company from the Fitch Group to its list of green and social bond rating agencies

Companies preparing to issue green, social, and other sustainability bonds on the Kyrgyz Stock Exchange will be able to engage Sustainable Fitch for an independent assessment. The Kyrgyz Stock Exchange has included Sustainable Fitch in its list of verifiers—organizations that assess whether bond issuances and the projects they finance comply with sustainable finance principles.

Sustainable Fitch is part of the international Fitch Group, which also includes the rating agency Fitch Ratings. The company specializes in assessing environmental, social, and governance (ESG) factors and prepares independent opinions on bond issuances, known as Second Party Opinions.

This expertise helps verify the extent to which the stated objectives of an issuance are supported by specific conditions governing the use of funds. An external assessor examines which projects will receive financing, how they are selected, and whether they align with the environmental and social objectives outlined by the issuer.

Particular attention is paid to the management of the raised funds, oversight of their use, and reporting. The assessor also verifies whether the issuance complies with generally accepted principles and standards for green, social, and sustainable bonds.

For issuers, the inclusion of Sustainable Fitch on the KFB’s list expands the pool of independent experts they can turn to when preparing an issuance. For investors, the external opinion serves as an additional source of information on how the company intends to fulfill its stated sustainability commitments.

According to the exchange’s assessment, independent verification enhances the transparency of such instruments and strengthens investor confidence. The KFB views the expansion of its list of verifiers as one of the steps toward developing the sustainable finance market in Kyrgyzstan.