Moody’s Investors Service has downgraded on January 25th 2022 Kyrgystan’s sovereign credit rating to 'B3' from 'B2' and changed the outlook to 'stable' from 'negative'. The agency said that the move was primarily driven by developments during 2021 and in particular government actions that are likely to durably affect the investment climate in the Kyrgyz Republic with consequences for the sovereign's economic and fiscal strength as well as the external position. Moody's noted recent developments affecting the economically important mining sector, and specifically the repossession of the Kumtor mine by the government, partly reflecting relatively weak institutions and governance. The outlook was changed to stable as risks remain manageable due to a buildup in foreign reserve buffers and a benign external debt repayment profile. Standard & Poor's credit rating for Kyrgyzstan stands at NR with n/a outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Kyrgyzstan thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Kyrgyzstan as reported by major credit rating agencies.


AgencyRatingOutlookDate
Moody'sB3 Stable Jan 25 2022
Moody'sB2 Negative Nov 26 2020
S&PNR N/A Sep 23 2016
S&PB Stable Dec 10 2015
Moody'sB2 Stable Dec 09 2015