The National Bank of the Republic of Tajikistan published an update noting that Moody’s Ratings has upgraded the Republic of Tajikistan’s long-term sovereign credit rating to B2 from B3 and assessed the outlook as stable. The release describes this as the first time Tajikistan’s sovereign rating has reached B2 since it began working with Moody’s in 2014. It attributes the upgrade mainly to sustained economic growth in recent years, a strengthened fiscal and budget position, and positive macroeconomic indicators, while the stable outlook reflects expectations of continued prudent fiscal policy and macroeconomic stability over the medium term. Ongoing economic and structural reforms, efforts to reduce debt sustainability risks, and strengthened public financial management are also cited as contributing factors.
National Bank of the Republic of Tajikistan 2026-03-05
National Bank of the Republic of Tajikistan reports Moody’s upgrade of Tajikistan’s sovereign rating to B2 with stable outlook
Moody’s Ratings upgraded Tajikistan’s long-term sovereign credit rating to B2 from B3, with a stable outlook, marking the first B2 rating since 2014. The upgrade is attributed to sustained economic growth, improved fiscal and budget positions, and positive macroeconomic indicators. The stable outlook reflects expectations of continued prudent fiscal policy and macroeconomic stability.