Fitch Ratings has upgraded the long-term credit rating of the Uzbek Republican Commodity and Raw Materials Exchange (UZEX) from B to B+ with a stable outlook.
The decision was made on November 13, 2026. The agency cited the exchange’s strengthened financial stability, high operational efficiency, and leading position in Uzbekistan’s commodity market.
Fitch Ratings highlighted the absence of corporate debt, strong liquidity, consistent profitability, and an effective commission-based business model. The agency also pointed to the exchange’s investments in IT, backup infrastructure, and risk management systems.