BAKU, Azerbaijan, August 27. Uzbekistan’s Uzbekhydroenergo JSC received a stable international credit rating of "BB-" from Fitch Ratings, Trend reports via the Uzbek company.
In 2020 the company's rating was B+ (stable), and in 2021 it was upgraded to BB- (stable), which the company retained in 2022.
The company commissioned 8 facilities in 2022, which will create an additional 178 MW of production capacity and increase the total production capacity to 2,230 MW.
Uzbekhydroenergo brings this level of rating to the world-famous investor markets as the first Uzbek manufacturing company with a clear and transparent business strategy, transparent financial reporting and a strong corporate governance system. This will serve to further enhance economic stability and make it possible to attract direct investment funds without state guarantees of foreign loans.