This result indicates the company's financial stability and its entry into a stage of development for Uzbekistan's hydropower sector. According to Fitch, "O'zbekgidroenergo" has achieved significant successes in recent years in risk management, corporate governance, and financial results.
The company is implementing major projects using its own funds and direct loans and has planned to execute an investment program worth 3.6 trillion soums by 2030.
"Maintaining a stable rating is a confident step towards new goals," the company's management said in a statement.
