Fitch rates Tashkent BB-

Fitch Ratings said it assigned long-term foreign- and local-currency issuer default ratings of BB- to the Uzbek city of Tashkent, along with a short-term foreign-currency of B.

Tashkent's ratings are equalized with the Uzbek sovereign, Fitch noted.

This reflects a combination of the city's low leverage, resulting in an AA debt sustainability assessment and a "weaker" risk profile, the agency said.

The ratings also factor in downward adjustment for the city's weak reporting and transparency practices that lag behind international standards, Fitch said.

Tashkent is a capital of Uzbekistan and its political and financial center, the agency added.

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