Published
07/15/2025, 09:18Moody's rating agency has revised its outlook for the Kyrgyz Republic's sovereign credit rating, changing it from “Stable” to “Positive.” The issuer's long-term rating has been affirmed at B3.
According to Moody's assessment, the revision of the outlook reflects the improvement in the country's macroeconomic and fiscal indicators, as well as the increase in potential economic growth rates. This was made possible by the implementation of key reforms, diversification of economic sectors, and active investment in infrastructure.
Of particular note is the reduction in public debt from 64% of GDP in 2020 to 37% in 2024, which indicates that there is fiscal space for further sustainable development.
Moody's also emphasized the importance of continuing structural reforms, improving governance, and reducing external vulnerabilities for a possible upgrade in the future. According to analysts, with effective management, this could lead to an upgrade in the sovereign credit rating.
