{"id":6915,"date":"2026-11-01T09:31:02","date_gmt":"2026-11-01T09:31:02","guid":{"rendered":"https:\/\/uzbekistanobserver.com\/uz\/uzbekneftegaz-plans-to-drop-state-guaranteed-loans-entirely-from-2027\/"},"modified":"2026-11-01T09:31:02","modified_gmt":"2026-11-01T09:31:02","slug":"uzbekneftegaz-plans-to-drop-state-guaranteed-loans-entirely-from-2027","status":"publish","type":"post","link":"https:\/\/uzbekistanobserver.com\/uz\/uzbekneftegaz-plans-to-drop-state-guaranteed-loans-entirely-from-2027\/","title":{"rendered":"Uzbekneftegaz 2027 yildan davlat kafolatlangan kreditlardan butunlay voz kechmoqchi"},"content":{"rendered":"<p>Uzbekneftegaz 2027 yilga qadar kredit portfelidan davlat kafolatlangan kreditlarni chiqarib tashlashni rejalashtirayapti \u2014 davlat energetika kompaniyasining birinchi rais o\u02bbrinbosari Suhrob Hamrayev buni 27 oktabr kuni bo\u02bblib o\u02bbtgan matbuot anjumanida e\u02bclon qildi. Bu qadam kompaniyaning xalqaro bozorlarda o\u02bbzini tijorat jihatidan mustaqil qarz oluvchi sifatida ko\u02bbrsatish yo\u02bblidagi muhim o\u02bbzgarish bo\u02bbladi.<\/p>\n<p>Hamrayev kompaniya hozirda hukumat kafolatlari bilan ta&#039;minlangan qolgan 840 million dollarlik kreditlarni qayta moliyalashtirish jarayonida ekanligini aytdi. Agar ushbu qayta moliyalashtirish uchinchi yoki to\u02bbrtinchi chorakda yakunlansa, 2027 yildan boshlab bunday instrumentlar balansda qolmaydi. U davlat kafolatlaridan chiqishning kompaniyaning kredit reytingiga qanday ta\u02bcsir qilishi mumkinligi haqidagi savollarga javob berar ekan: &quot;Biz faqat davlatga tayanishni to\u02bbxtatdik&quot;, \u2014 dedi.<\/p>\n<h2>Reyting agentliklari va bozor narxi argumenti<\/h2>\n<p>Hamrayev Uzbekneftegaz Fitch Ratings va S&amp;P bilan uchrashuvlar o\u02bbtkazganini, ushbu uchrashuvlarda kompaniyaning moliyaviy holati tobora hukumat yordamidan mustaqil bo\u02bblib borayotganligi asoslab berilganini aytdi. Uning ko\u02bbrsatishicha, asosiy argument shundan iboratki, xom ashyo va tayyor mahsulotlarga davlat tomonidan belgilangan narxlar asta-sekin bozor narxlariga yaqinlashmoqda \u2014 bu esa reyting tahlilchilarining kompaniyaning mustaqil kredit layoqatini baholashda tarixan hisobga olgan yashirin subsidiyasini kamaytirmoqda.<\/p>\n<p>U shuningdek, tijorat ishonchliligining o\u02bbsib borayotganiga dalil sifatida ta&#039;minlanmagan kreditlash mexanizmiga ham e\u02bctibor qaratdi: hukumat kafolati bo\u02bblmagan holda kredit beruvchi banklar, uning ta\u02bckidlashicha, buni faqat kompaniyaning oldingi o\u02bbn ikki oy va olti oylik moliyaviy faoliyatini sinchkovlik bilan o\u02bbrganib chiqqandan so\u02bbng amalga oshiradi. Uning talqinida ushbu sinchkovlik \u2014 davlat kafolatlari ilgari zaruratsiz qilgan bozor tasdig&#039;i vazifasini bajaradi.<\/p>\n<p>Hamrayev amalga oshirilayotgan qadamlar xalqaro reyting agentliklarining kelajakdagi baholarida ijobiy aks etishiga ishonchini bildirdi.<\/p>\n<h2>Kontekst: 2027 yilda evrobond rollover ham rejalashtirilgan<\/h2>\n<p>Ushbu e\u02bclon Uzbekneftegazning 2027 yilda birinchi evrobond emissiyasini rollover qilish bo\u02bbyicha alohida xabar qilingan rejasi bilan bir vaqtga to\u02bbg\u02bbri keldi \u2014 bu kompaniya o\u02bbsha yili tashqi qarz profilini kengroq qayta shakllantirish, ya\u02bcni suveren kafolatli instrumentlardan voz kechib, o\u02bbz balansi asosida bozor narxidagi kapitalni jalb qilishga tayyorlanayotganidan dalolat beradi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Uzbekneftegaz birinchi rais o\u02bbrinbosari Suhrob Hamrayev kompaniyaning qolgan 840 million dollarlik davlat kafolatlangan kreditlarini qayta moliyalashtirish ustida ishlayotganini va 2027 yildan boshlab bunday kreditlar portfelida umuman qolmasligini kutayotganini aytdi; buning sababi sifatida u banklarning ishonchi ortib borayotganini va foiz stavkalarining bozor darajasiga yaqinlashayotganini keltirdi.<\/p>\n","protected":false},"author":6,"featured_media":6916,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[761,759,758,757,760,317],"ucw_region":[],"ucw_sector":[],"ucw_issue":[],"ucw_institution":[],"ucw_case_status":[],"ehb_region":[],"uov_series":[],"class_list":["post-6915","post","type-post","status-publish","format-standard","has-post-thumbnail","category-public-spending","tag-state-guarantees","tag-public-debt","tag-fitch","tag-credit-rating","tag-sp","tag-uzbekneftegaz"],"_links":{"self":[{"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/posts\/6915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/comments?post=6915"}],"version-history":[{"count":0,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/posts\/6915\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/media\/6916"}],"wp:attachment":[{"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/media?parent=6915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/categories?post=6915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/tags?post=6915"},{"taxonomy":"ucw_region","embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/ucw_region?post=6915"},{"taxonomy":"ucw_sector","embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/ucw_sector?post=6915"},{"taxonomy":"ucw_issue","embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/ucw_issue?post=6915"},{"taxonomy":"ucw_institution","embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/ucw_institution?post=6915"},{"taxonomy":"ucw_case_status","embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/ucw_case_status?post=6915"},{"taxonomy":"ehb_region","embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/ehb_region?post=6915"},{"taxonomy":"uov_series","embeddable":true,"href":"https:\/\/uzbekistanobserver.com\/uz\/wp-json\/wp\/v2\/uov_series?post=6915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}