OREANDA-NEWS. 'Expert RA' rating agency assigned sovereign rating ВВ- in a foreign currency and ВВ+ in the national currency, which means sufficient credit solvency, to the Republic of Uzbekistan. The credit environment rating CC, which means very low credit environment quality, in a foreign currency, and CCC, which means low credit environment quality, in the national currency was also assigned to the country.

The government's low debt level, acceptable state budget surplus, significant gold & currency reserves and availability of privatization options had the most significant positive impact on the sovereign rating and the credit environment rating of Uzbekistan.

The extremely complicated situation on the currency market of the state, high inflation, banking system concentration on three major state-owned banks, geographic position risks, low information transparency of governmental institutions, low technological development of agriculture and industry restrained both ratings.