Bishkek, July 14, 2025. /Kabar/. The rating agency Moody's has revised the outlook on the sovereign credit rating of the Kyrgyz Republic, changing it from "Stable" to "Positive", the Ministry of Economy and Commerce of the Kyrgyz Republic reported.
It is noted that the long-term issuer rating has been confirmed at B3.
According to Moody's, the revision of the outlook reflects the improvement of the country's macroeconomic and fiscal indicators, as well as an increase in potential economic growth rates. This became possible due to the implementation of key reforms, diversification of economic sectors and active investments in infrastructure.
The reduction in the level of public debt from 64% of GDP in 2020 to 37% in 2024 is particularly noted, which indicates the availability of budget space for further sustainable development.
Moody's also emphasized the importance of continuing structural reforms, improving the quality of governance and reducing external vulnerability for a possible rating upgrade in the future. According to analysts, with effective management, this could lead to an increase in the sovereign credit rating.
The sovereign credit rating of the Kyrgyz Republic from the international rating agency Moody's for 2024 is characterized as "stable".
The visit of analysts of Moody's as part of the revision of the sovereign credit rating of the Kyrgyz Republic took place from June 17 to 19, 2025.