Uzkimyosanoat, Uzbekistan's chemical enterprise, achieves international acclaim as Moody's Investors Service issues a credit rating of B1 on December 6, signaling a major milestone for the company.
Moody's Investors Service, part of the prestigious Big 3 credit rating agencies globally, commended Uzkimyosanoat for its clear and transparent business strategy, robust corporate governance, and transparent financial reporting. The credit rating of B1 underscores the company's position as a key player in the global chemical market, following successful engagements with other major international rating agencies, including Fitch Ratings.
The strategic positioning of Uzkimyosanoat has not only garnered accolades from international rating agencies but has also provided the company with newfound financial flexibility. The positive credit rating reflects favorably on Uzkimyosanoat's economic stability, paving the way for the potential to secure foreign loans for future investment projects without the need for state guarantees.
This achievement is a significant step forward for Uzkimyosanoat, opening up opportunities for growth and contributing to the overall economic development of Uzbekistan. The company's ability to access foreign loans without state guarantees is expected to catalyze further investment projects, fueling the expansion of the chemical industry in the country.
Uzkimyosanoat had previously made history as the first entity in Uzbekistan's chemical industry to receive an international credit rating from Fitch Ratings. The successive recognition from two major international rating agencies solidifies Uzkimyosanoat's standing as a reliable and creditworthy entity in the global business landscape.
For those unfamiliar with the significance of international rating agencies, Fitch Ratings and Moody's Corporation are part of the Big 3 credit rating agencies globally. These agencies play a crucial role in providing independent and comprehensive credit ratings, aiding informed decision-making for investors and stakeholders in the global credit markets.
About Uzkimyosanoat
Uzkimyosanoat, as an integrated corporate structure, comprises 14 industrial enterprises, 13 regional distribution organizations, scientific research, and design institutes, as well as foreign freight forwarding organizations "Kimetrans" and "Kimetrans Logistics," along with the brokerage company "Hamkor - kimeservis." The company's holistic approach to the development and sale of industrial and innovative chemical products reflects its commitment to the sustainable growth of the industry as a whole.
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