Fitch Ratings Assigns 'BB-' Long-Term Rating to Karakalpakstan

Fitch Ratings has assigned a long-term foreign and local currency Issuer Default Rating (IDR) of 'BB-' with a Stable outlook to the Republic of Karakalpakstan. This marks the first time an international rating agency has assigned such ratings to the region, recognizing it as one of the fastest-growing economies.

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