Uzbek Passenger Vehicles Manufacturer UzAuto Motors Rated ‘B+/B’; Outlook Stable

26.01.2021

S&P Global Ratings assigned ‘B+/B’ long- and short-term issuer credit ratings to UzAuto Motors. 

The stable outlook reflects expectation of S&P Global Ratings that the company will secure financing for its capital expenditure (capex) project in first-half 2021, recover its car sales in 2021 as the pandemic eases, and maintain moderate...