Tashkent, Uzbekistan (UzDaily.com) -- S&P Global Ratings assigned its ‘BB-’ long-term foreign currency issue rating to the U.S. dollar-denominated benchmark-sized senior unsecured notes and ‘BB-’ long-term local currency issue rating to the Uzbekistani sum-denominated senior unsecured notes to be issued by Uzbekistan (BB-/Stable/B). 

The amount and interest rate of the issuances, among other details, will be determined during the placement. 

The notes represent direct, general, unconditional, and unsecured obligations of the sovereign, and rank equally with the sovereign’s other unsecured debt obligations.