THE ROLE OF SOVEREIGN CREDIT RATINGS AND THE PLACE OF UZBEKISTAN IN IT

Shamusarov S.

Authors

Shamusarov S. TSUE, researcher

Keywords:

Rating, credit, sovereign credit rating, foreign debt

Abstract

The article describes the sovereign credit rating and its specific features. Also, assessment of ratings by three credit rating agencies namely, Moody’s, Fitch Ratings and Standard & Poor’s is given to determine the position of country. Moreover, the most urgent issues of state finance, such as strengthening Uzbekistan's position in the sovereign credit rating, thereby increasing the international image of our country, attracting foreign investments to the country, and financing the budget deficit from foreign sources, were studied.

References

Periklis Boumparis, Costas Milas, Theodore Panagiotidis. “Economic policy uncertainty and sovereign credit rating decisions: Panel quantile evidence for the Eurozone”, Journal of International Money and Finance 79 (2017) 39–71, United Kingdom, 2017.

Fatih Bahadir Haspolat, “Analysis of Moody's Sovereign Credit Ratings: Criticisms Towards Rating Agencies Are Still Valid?”, Procedia Economics and Finance 30 ( 2015 ) 283 – 293,

Richard Cantor and Frank Packer – “Determinants and Impact of Sovereign Credit Ratings”, Economic Policy Review, October 1996.

Gabriel Caldas Montes, Diego S. P. De Oliveira And Helder Ferreira De Mendonça-“Sovereign Credit Ratings In Developing Economies: New Empirical Assessment” - International Journal of Finance & Economics, 2016

Burkhanov, A. U. (2020). Assessment of financial security of investment funds. Journal of Advanced Research in Dynamical and Control Systems, 12(5), 293-300.

Bunyod Usmonov. EVALUATION OF EFFICIENCY OF CAPITAL MANAGEMENT IN JOINT STOCK COMPANIES IN THE TEXTILE SECTOR: IN CASE OF UZBEKISTAN. Asian Journal of Research in Business Economics and Management. 2022, 12(1) 40-50 pp. https://scholar.google.com/citations?view_op=view_citation&hl=ru&user=Dbm2-vAAAAAJ&citation_for_view=Dbm2-vAAAAAJ:u5HHmVD_uO8C

João C.A.Teixeira, Francisco J.F. Silva, Manuel B.S. Ferreira, José A.C. Vieira, “Sovereign credit rating determinants under financial crises”- Global Finance Journal, 2018

Aktam Usmanovich Burkhanov and Madina Mansur qizi Eshmamatova. 2021. The Ways for Improvement of Investment Strategy in the Period of Digital Economy. In The 5th International Conference on Future Networks & Distributed Systems (ICFNDS 2021). Association for Computing Machinery, New York, NY, USA, 655–662.

Bunyod Usmonov. WAYS OF EFFECTIVE CAPITAL MANAGEMENT OF JOINT STOCK COMPANY. International Finance and Accounting. 2021, 4(5).

http://ahbor-reyting.uz/ru/

https://tradingeconomics.com/country-list/rating

https://kapital.kz/amp/finance/82042/kazakhstan-rassmatrivayet-vozmozhnost-novogo-vypuska-yevrobondov.html

https://strategy2050.kz/en/news/kazakh-finance-ministry-issues-eurobond-worth-1-150-million-euros-/

http://dmo.mf.uz/wp-content/uploads/2019/07/Uzbekistan-Eurobond coverage-book-by-APCO_2019.pdf