Fitch assigns Uzbekhydroenergo B+ rating; outlook stable


Fitch Ratings has assigned Uzbekistan-based hydro power generator Uzbekhydroenergo JSC (UGE) a Long-Term Foreign Currency Issuer Default Rating (IDR) of ‘B+’ with Stable Outlook.

Fitch rates UGE top down minus one notch from the rating of Uzbekistan (BB-/Stable) under Fitch’s "Government-Related Entities Rating Criteria". This reflects our assessment of links with...