The National Strategic Studies Institute and Standard & Poor’s discussed the possibility of the credit rating for Kyrgyzstan at a meeting in Washington D.C.
Kyrgyzstan improved its positions in numerous international rankings and indexes due to carried out political and economic reforms, NSSI Director Talant Sultanov said at the meeting with John Chambers, Managing Director at Standard & Poor's Ratings Services, Chairman of the sovereign debt committee, Curt Moulton, Global Head of Sovereign & International Public Finance Ratings.
The country was re-classified from a low income country to a lower-middle income country by the World Bank, he added.
“Kyrgyzstan considers the possibility of country credit rating in connection with the above mentioned factors and hopes this rating will be rather high. Since certain experts fear that not high enough rating may deteriorate the country’s investment attractiveness,” Sultanov stated.
Representatives of the Standard & Poor’s confirmed the country’s credit rating not only improves investment climate, but also leads to reduction of capital cost, attraction of technologies and know-how, improves the country’s image in the world. For this reason the number of countries undergoing evaluation of their credit worthiness has grown from 40 to 160 over 20 years since 1994. Credit ratings of six countries in the CIS region are determined by the Standards & Poor’s.
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