S&P assigns Uzbekistan “BB-“ rating in bond issue
Baku, Azerbaijan, February 8
S&P Global Ratings assigned a long-term credit rating for liabilities in foreign currency to the planned issue of priority unsecured bonds denominated in US dollars at BB-, Trend reports with reference to the agency.
These bonds will be issued by Uzbek Government (BB- / Stable / B). The exact size of the issue and the interest rate, like other details, will be determined during the placement.
“The bonds are direct unconditional unsecured debt obligations of a sovereign government and have equal conditions of issue with other unsecured debt sovereign obligations,” the agency said.
Standard & Poor's Financial Services LLC (S&P) is an American financial services company. S&P publishes financial research and analysis on stocks, bonds, and commodities and known for its stock market indices such as the US based S&P 500, the Canadian S&P/TSX, and the Australian S&P/ASX 200.
S&P is considered one of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City.