United Cement Group (UCG) has received a B+ credit rating with a positive outlook from a second international rating agency.

UCG consistently strives to improve the quality of corporate governance and increase transparency for its partners. Earlier, the group received a B+ rating with a positive outlook from the leading international rating agency, S&P Global Ratings. Last week, a similar rating was received from another member of the international “big three” rating agencies – Fitch Ratings.

The rating assessment process, which spanned more than three months, entailed a comprehensive study of the enterprises and an analysis of UCG’s current financial condition, as well as an assessment of long-term business development prospects. According to the assessment results, the rating analysts confirmed UCG’s very high financial stability and its leading positions in the cement markets of Uzbekistan and Kyrgyzstan.

Currently, the B+ level is the highest for non-state companies in Uzbekistan’s real sector of the economy, signifying that UCG’s financial stability is just one step below the sovereign level. At the same time, a positive outlook from both Fitch Ratings and S&P suggests that there’s a likelihood of a credit rating increase over the next 12 months. The expert opinion is available on the Fitch Ratings website.

United Cement Group ikkinchi xalqaro reyting agentligidan ijobiy prognoz bilan B+ kredit reytingini qo’lga …