Roundtable in Tashkent Addresses World Rating Issues For Banks

The International roundtable o­n developing the rating services in the Republic of Uzbekistan took place in the nation’s capital – Tashkent, the Narodnoye slovo reported June 6. The National Bank of Uzbekistan alongside with the National association of securities markets participants, the Uzbek rating agency Prime Rating Services and o­ne of the leading world rating agencies – the Moody's Investors Service are reported to have organized the event.

The delegates to the roundtable have said that the development of the sphere of rating services in the domestic market and invitation of the world rating agencies to the cooperation with national companies was of an immediate urgency.

They believed the granting the world ratings to the credit organization is not o­nly of an interest for the owner and partners of the bank, regulating bodies and borrowers, but also it serves as a sign of financial standing of the organization for foreign investors, as well as an indicator of its reliability.

In its turn, it means the securing the world rating assessments by the Uzbek banks is o­ne of the additional factors to attract the foreign investments into the financial sector and further develop the said area.

“Jahon”