Fitch Lays Down Uzbektelecom's 'BB' Rating With Stable Outlook

2025-11-13 10:05:05

(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, November 13. International rating agency Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of Uzbektelecom JSC at 'BB' with a stable outlook, Trend reports, citing Uzbektelecom.

According to Fitch Ratings, the Company's Standalone Credit Profile (SCP) has been assessed at 'bb–'.

“This assessment confirms the company's financial stability and the continued expansion of the range and quality of its services, as well as its important role in the development of the country's digital infrastructure,” Uzbektelecom stated.

Meanwhile, in the first nine months of 2025, Uzbektelecom reported a net profit of 321.1 billion soums ($26.8 million)-almost 19 times higher than the 17.4 billion soums ($1.45 million) recorded in the same period last year.

According to the official exchange rate of the National Bank of Uzbekistan, as of November 13, 2025, 1 USD adds up to 11 985.10 UZS.

MENAFN13112025000187011040ID1110339933

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.