Arzuw NEWS - Turkmenistan news

Turkmenistan prepares to sign a contract with Fitch Ratings

Turkmenistan is negotiating with representatives of an international rating agency Fitch Ratings to determine the country's investment rating.

As a result of the negotiations, proposals were made to obtain an investment Turkmenistan's rating. Deputy Chairman of the Cabinet of Ministers and Minister of Foreign Affairs of Turkmenistan Rashid Meredov announced at a meeting of the Cabinet of Ministers on April 17 that work was underway to conclude a corresponding agreement with the agency.

Fitch Ratings Enter in the top three international rating agencies. Such agencies analyze the economic situation of countries, calculate investment risks and publish ratings of states. As a result of such reports, potential investors determine which country to invest in.

According to the agency's website, Fitch Ratings last reported on the short-term and long-term investment rating of Turkmenistan in 2005.

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