The international rating agency Fitch Ratings has confirmed the long-term credit rating of Uzbekistan Airports JSC at 'BB' and raised the rating outlook from 'Stable' to 'Positive'.
Recognition of Company Reforms
This decision serves as another important confirmation that the reforms being implemented by the company are highly valued by international financial institutions. Over the past years, Uzbekistan Airports has conducted extensive work to ensure financial stability, improve corporate governance in line with international standards, adapt financial reporting to international requirements, and enhance operational efficiency.
Reasons for Outlook Improvement
'Fitch Ratings' recognized these factors as the main reasons for improving the rating outlook. Experts believe this decision demonstrates not only the financial potential of the company itself but also the growing investment attractiveness of Uzbekistan. Furthermore, the strategic importance of Uzbekistan Airports in the development of the country's transport and aviation infrastructure has been reconfirmed at the international level.
Prospects and Future Plans
Raising the outlook to 'Positive' opens up new opportunities for the company. Specifically, there is an increased chance to attract funds from international capital markets, finance large infrastructure projects, and expand cooperation with foreign investors and international financial institutions. Currently, comprehensive work continues in Uzbekistan to modernize airport infrastructure, improve passenger service quality, and strengthen competitiveness in the global aviation market.
The assessment by 'Fitch Ratings' is viewed as an important international recognition that the reforms are moving in the right direction. Uzbekistan Airports plans to consistently continue systematic work to strengthen financial stability, implement modern corporate governance principles, and develop the country's airports to meet international standards.
