The international rating agency S&P Global Ratings has assigned the State Development Bank of the Kyrgyz Republic (SDB) long-term and short-term credit ratings of ‘B+/B’ for the first time. The outlook for the long-term rating is Stable.

Obtaining an international credit rating is an important milestone in the institutional development of the SDB and confirms the consistent efforts of the Cabinet of Ministers of the Kyrgyz Republic to strengthen national development institutions and increase their investment attractiveness.

The assigned rating opens new opportunities for attracting long-term financial resources from international financial organizations, development banks, and foreign institutional investors on more transparent and competitive terms. This will allow for increased funding for priority projects aimed at sustainable economic growth in the Kyrgyz Republic.

Emil Takyrbashev, Chairman of the Management Board of the State Development Bank of the Kyrgyz Republic, noted:
“Receiving a rating from S&P Global Ratings is an important recognition of the reliability and sustainability of the State Development Bank. This is the result of the systematic work of the Cabinet of Ministers of the Kyrgyz Republic to create an effective national development institution. This international rating will increase the confidence of foreign partners and expand the Bank’s ability to attract long-term financing for the implementation of strategically important projects in energy, industry, transport infrastructure, the green economy, and other priority sectors.”

The rating also demonstrates the transparency of the Bank’s operations and its compliance with international corporate governance standards. The State Development Bank implements the state policy on financing development projects, providing access to long-term capital for initiatives of strategic importance to the country’s economy.

Receiving a rating from an international agency is another step in achieving the goals set by the President of the Kyrgyz Republic and the Cabinet of Ministers of the Kyrgyz Republic to develop the national financial system, attract foreign investment, and expand financing opportunities for projects that contribute to the country’s sustainable socioeconomic development.

For reference:
S&P Global Ratings is one of the leading international rating agencies (the “Big Three”), along with Moody’s Ratings and Fitch Ratings. The agency’s credit ratings are widely used by international investors, banks, and financial institutions when assessing borrower reliability and making financing decisions.