First Deputy Minister of Economy and Commerce of Kyrgyzstan Choro Seyitov met with representatives of Gazprombank as part of the assignment of a credit rating to the country by ACRA rating agency. Press service of the Ministry of Economy reported.
The macroeconomic trends of forecasts and structural changes in the country for the coming period were discussed as part of the assessment of the sovereign risk of Kyrgyzstan, as well as issues of tax policy management for the coming period.
Other details about assigning a credit rating to Kyrgyzstan, or at least an approximate time frame when this might happen, are not provided.
For the past few years, the sovereign credit rating has been assigned to Kyrgyzstan by Moody’s. In January this year, it downgraded Kyrgyzstan’s rating from B2 to B3, saying that the authorities’ decision to nationalize Central Asia’s largest gold mine last year was an indicator of poor governance and worsening investment climate.
