rating

Fitch: SOFAZ Gold Reserves Reach 36% of Portfolio, Fund Assets at $73.5 Billion

Fitch Ratings notes that gold has become the largest component of Azerbaijan's State Oil Fund (SOFAZ) portfolio, reaching 36% of assets. The fund's investment portfolio stood at $73.5 billion at the end of Q1 2026.

Fitch Affirms Kaspi.kz Ratings at BBB-

International rating agency Fitch has affirmed the ratings of Kaspi.kz and Kaspi Bank at BBB- with a stable outlook, noting the unique business model and high capital levels.

Fitch Upgrades ABB Bank's Ratings to BB+

International agency Fitch has upgraded ABB Bank's long-term issuer default rating from BB to BB+, with a stable outlook.

Moody's Affirms SOCAR's Baa3 Rating with Stable Outlook

International rating agency Moody's has affirmed the long-term issuer rating of SOCAR at Baa3 with a stable outlook.

Fitch Upgrades UzAuto Motor Rating to BB

Fitch Ratings has upgraded Uzbekistan's leading automaker UzAuto Motor (UAM) from 'BB-' to 'BB', citing improved liquidity, successful debt refinancing, and expectations of sustained positive free cash flow in the coming years.