Moody's: High debt and reliance on gold and remittances constrain Kyrgyz Republic's B2 rating
New York, February 01, 2017-- Moody's Investors Service says that the Kyrgyz government's reliance on gold and remittances and high debt burden constrain its sovereign B2 issuer rating and stable outlook. These challenges are exacerbated by the country's weak Worldwide Governance Indicators relative to B-rated peers and ongoing domestic political tension. However, a stabilizing economy-- as evidenced by the appreciation of the Kyrgyz som against the US dollar in the second...
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