Moody's and S & P have assigned Kyrgyzstan's sovereign credit rating
Almaty. December 11. Silkroadnews - Kyrgyzstan has received sovereign credit ratings of "B2 stable" and "B" from the international credit rating agencies Moody's Investors Service and Standard & Poor's, passes KyrTAG.
This rating, according to the Ministry of Economy of the Kyrgyz Republic reflects the current economic situation of the country, and is a reference point for its further improvement by structural adjustment and economic reforms.
Based on the credit rating of banks and other financial intermediaries, made decisions on lending transactions in the money market, insurance, leasing and any other situations that require evaluation of the solvency of the business partner. In particular, they can expect an improvement in terms of financing by non-residents: a long-term lending (compared with the possibilities of the financial market of the country); the establishment of lower interest rates; the ability to attract significant amounts of funding for large-scale government projects.
In addition, the presence of the sovereign credit rating makes it possible for commercial banks to assign individual credit ratings assigned by international rating agencies, which in turn enhance the ability of domestic financial institutions to attract "long" and cheaper financial resources, which will ultimately contribute to the reduction of interest rates for the population of the country.