The international rating agency Fitch Ratings gave a "B+" or "Positive" rating to Turkmenistan's long-term debt servicing capacity in foreign currency.

As noted, this rating is supported by Turkmenistan's strongest sovereign balance sheet with the highest sovereign net foreign assets (SNFA)/GNI and lowest government debt, the lowest government debt in the "B" peer group. This balance is provided by the export of the world's fourth largest gas reserves. According to experts' forecasts, the country's external finances will improve: in 2023, the share of SNFA will increase to 51.5% of GDP, which is minus 22.5%, even below the average of category B. "Liquidity indicators have also improved and by 2025, external debt service is projected to remain at 9% of current external revenues, 14.8% below the 2021 level and 18.8% of the current peer group average. Also, the international agency It notes that the government has strengthened its international relations and made progress in joining the WTO. In February 2023, Fitch Ratings changed the rating of Turkmenistan's long-term foreign currency issuer from "Stable" to "Positive" and affirmed it at "B+". " rating means that the country is at a positive level of development and shows a strong balance with important natural resources. The public rating is used by banks and other organizations, as well as those who want to independently evaluate the investment potential of a country.

Source: Orient