The agency said that small and medium businesses need lighter and faster access to financing to develop internal and external markets. To access finances, the commercial banks should prove their reliability and ability to repay their financial liabilities.

Ahbor Reyting will assign rating to small and medium enterprises of Uzbekistan on their request, which will simplify access to loans, make loan issuing process more reliable both for creditor and commercial bank.

The agency said that the rating system was developed based on assessment criteria of Moody’s Investors Service (Moody’s), Standard & Poor’s (S&P) and Fitch Ratings(Fitch).

Ahbor Reyting said that it signed agreements on assigning solvency rating in national scale to 25 commercial banks, reliability rating to 25 valuation organizations, solvency of 4 insurance companes, credit rating of two issuers, 3 credit unions and one leasing company in 2010.

As earlier reported, Uzbekistan announced 2011 as the Year of small business and entrepreneurship.