Microcreditbank's credit rating upgraded to "BB"

The international rating agency Fitch Ratings has upgraded the long-term issuer default ratings (LT IDRs) of Mikrokreditbank JSCB to BB from BB- and set the outlook at Stable.

At the same time, the Government Support Rating (GSR) was also upgraded from “BB-” to “BB”.

This change follows the upgrade of Uzbekistan’s sovereign rating.

This reflects the further strengthening of the bank's financial stability and increasing confidence in its operations.

The rating upgrade will not only increase the prestige and credibility of Microcreditbank in international financial markets, but also open up new opportunities for the bank to attract investments and expand the range of services, and will help provide customers with more competitive and reliable financial products.