Fixed Income Analysis /
Uzbekistan

Uzbekistan: Strong fundamentals with valuations even more compelling now

  • We reiterate our Buy recommendation on UZBEK '31s

  • We think policy space may help to mitigate the economic impact of the war in Ukraine and is supportive of ability to pay

  • Risks include rising debt burden, high external financing needs and getting drawn into Moscow's sphere of influence

Uzbekistan: Strong fundamentals with valuations even more compelling now
Stuart Culverhouse
Stuart Culverhouse

Chief Economist & Head of Fixed Income Research

Tellimer Research
27 July 2022
Published byTellimer Research

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