Anrong Rating Invited to Visit Uzbekistan's Largest Credit Rating Agency, Ahbor-reyting
On January 23rd, 2025, Anrong Credit Rating Co., Ltd. (referred to as "Anrong Rating") and Anrong (Hong Kong) Credit Ratings Co., Ltd. (ARHK) were invited to pay a friendly visit to Ahbor-reyting, the largest credit rating agency in Uzbekistan. The two parties engaged in in-depth discussions on topics including the development of the international credit rating industry, the application of credit rating technologies, and cross-border cooperation among rating agencies.
Mr. RAXIMOV Muxriboy Yusupovich, President of Ahbor-reyting, extended a warm welcome to the delegation from Anrong Rating. He provided an overview of the history and current status of Uzbekistan's credit rating industry, as well as the business scope and development plans of Ahbor-reyting. Mr. Zeng Zhengxin, General Manager of the Shenzhen Branch of AnRong Credit Rating Co., Ltd., introduced the development of China's bond markets, the evolution of China's credit rating industry, the business scope of Anrong Rating, and the company's future plans and strategies for participating in the Belt and Road Initiative. Mr. Hu Chao, RO of Anrong (Hong Kong) Credit Ratings Co., Ltd., elaborated on AnRong Rating's Sovereign Credit Rating Methods, System, and Models, as well as its Banking Industry Credit Rating Methods, System, and Models, highlighting the role and significance of credit ratings in international financial cooperation and global trade. Both parties focused on the differences in the development history and current status of the credit rating industries in China and Uzbekistan. With a spirit of mutual learning, they engaged in lively discussions on their respective unique credit rating philosophies, methodologies, and models. The two sides unanimously agreed to seize the vast opportunities presented by the Belt and Road Initiative and actively explore potential areas, modes, and content of business cooperation as the initiative enters a new phase of high-quality development.
Group photo of representatives from both parties (Photographed in Tashkent on the morning of January 23rd, 2025)
As the Belt and Road Initiative steadily advances, economic and trade exchanges between China and Uzbekistan have become increasingly frequent. Ahbor-reyting has been actively exploring ways to draw on China's relatively mature credit rating experiences to optimize its rating processes and enhance the quality of its ratings, thereby better serving Uzbekistan and cross-border financial cooperation projects. Both parties also exchanged views on practical issues such as workflow cycle control in the rating process, the establishment of rating service standards, and quality management of rating reports, engaging in thorough discussions.
Ahbor-reyting, established on November 9th, 1995, under Resolution No. 427 of the Cabinet of Ministers of the Republic of Uzbekistan, is the first credit rating agency in Uzbekistan. It provides credit rating services to commercial banks, insurance companies, leasing firms, bond issuers, pawnshops, microfinance institutions, and other organizations.