Tashkent, June 5 -- The international rating agency S&P has raised Uzbekistan's outlook to "Stable", but maintained the rating at the level of "BB-".

In June last year, the S&P had downgraded the credit ratings of 21 countries, changing the forward-looking indicators of 13 countries, including Uzbekistan, to "Negative".

The decision was made against the background of relatively high growth of Uzbekistan's external debt over the past two years. At the same time, it was reported that the credit rating of Uzbekistan may decrease if the growth of the country's external debt does not stabilize over the next 12 months.

Officials of the Ministry of Finance, the Central Bank and the Ministry of Economic Development and Poverty Reduction of Uzb...