Fitch Ratings assigns Karakalpakstan its first credit rating of 'BB-' with a 'Stable' outlook
The international agency Fitch Ratings has assessed the creditworthiness of the Republic of Karakalpakstan for the first time: long-term ratings in foreign and national currency at the level of 'BB-' with a 'Stable' outlook, and a financial profile of 'aa'. The report describes the region as one of the fastest-growing in Uzbekistan: in the first half of 2026 its economy grew by 10.2%, the second-highest figure after Tashkent.
Sevara Azamova