Fitch Ratings has given a consistent outlook for Turkmenistan's credit rating

Fitch Ratings has given a consistent outlook for Turkmenistan's credit rating
17 26.08.2025

One of the leading international rating agencies, Fitch Ratings, has affirmed Turkmenistan's foreign currency credit rating at ‘BB-’ with a consistent outlook. This was reported by the online publication Business Turkmenistan.

In justifying their decision, the agency's analysts noted the country's strong sovereign balance sheet compared to other countries in the ‘BB’ and ‘B’ rating categories. Experts emphasised that Turkmenistan has a high ratio of net foreign assets to GDP and a low level of public debt. An important factor in the stability of the economy is the country's vast natural gas reserves.

According to analysts' forecasts, by 2027, Turkmenistan's net foreign assets will reach 50.8% of GDP. The country's foreign exchange reserves are recognised as among the highest in the Central Asian region, covering more than 52 months of external payments. Natural gas continues to dominate exports, accounting for 67% of total exports to foreign countries in 2024. A significant portion of gas exports (88%) was directed to the Chinese market. Negotiation is currently underway on the construction of a fourth branch of the gas pipeline to China.