S&P GLOBAL RATINGS TAHLILI ASOSIDA O‘ZBEKISTONNING SUVEREN KREDIT REYTINGINI BAHOLASH

Abstract

This article analyzes the sovereign credit rating of the Republic of Uzbekistan based on the methodology applied by S&P Global Ratings. The study examines macroeconomic stability, fiscal discipline, public debt dynamics, external sector indicators, and gold-foreign exchange reserves as the key factors influencing rating formation. The results of the statistical data analysis show that high economic growth rates and the significant volume of reserves support the country’s credit rating. At the same time, the high share of external debt, the deficit of the balance of payments, and global risks remain important constraining factors for rating stability.

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DOI

10.60078/3060-4842-2026-vol3-iss1-pp108-113

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