{"id":4846,"date":"2025-05-26T10:34:04","date_gmt":"2025-05-26T05:34:04","guid":{"rendered":"https:\/\/invexi.org\/?p=4846"},"modified":"2025-05-26T10:41:13","modified_gmt":"2025-05-26T05:41:13","slug":"uzbekistan-outlook-revised-to-positive-on-resilient-growth-and-reform-momentum","status":"publish","type":"post","link":"https:\/\/invexi.org\/uz\/press\/uzbekistan-outlook-revised-to-positive-on-resilient-growth-and-reform-momentum\/","title":{"rendered":"O\u2018zbekiston: Iqtisodiy o\u2018sish va islohotlar fonida S&#038;P-dan ijobiy prognoz"},"content":{"rendered":"<p><\/p>\n<p><em><strong>2025 yil 23 mayda S&amp;P Global Ratings O\u2018zbekiston bo\u2018yicha prognozni \u201cbarqaror\u201ddan \u201cijobiy\u201dga o\u2018zgartirdi, shu bilan birga xorijiy va mahalliy valyutadagi uzoq muddatli va qisqa muddatli suveren kredit reytinglarini &#8216;BB-\/B&#8217; darajasida saqlab qoldi. Transfer va konvertatsiya bahosi &#8216;BB&#8217; darajasida qoldi. Ushbu o\u2018zgartirish O\u2018zbekistonning davom etayotgan iqtisodiy islohotlari, barqaror iqtisodiy o\u2018sishi va eksport hamda fiskal daromadlarni qo\u2018llab-quvvatlovchi oltin narxlarining qulayligiga bo\u2018lgan ishonchni aks ettiradi.\u00a0<\/strong><\/em><\/p>\n<h2>Asosiy xulosalar<\/h2>\n<ol>\n<li><strong>Oltin narxlarining o\u2018sishi: Yuqori oltin narxlari O\u2018zbekistonning eksporti va fiskal daromadlarini mustahkamlaydi, valyuta zaxiralarining yuqori darajasini ta\u2019minlaydi.<\/strong><\/li>\n<li><strong>Iqtisodiy islohotlar va barqaror talab: Davom etayotgan islohotlar va investitsiyalar hamda pul o\u2018tkazmalari bilan qo\u2018llab-quvvatlanayotgan ichki talab global savdo keskinliklariga qaramay yalpi ichki mahsulotning (YAIM) barqaror o\u2018sishiga yordam beradi.<\/strong><\/li>\n<li><strong>Fiskal konsolidatsiya: YAIMning o\u2018sishi va byudjet taqchilligini kamaytirish choralari davlat qarzining o\u2018sishini cheklashga yordam beradi.<\/strong><\/li>\n<li><strong>Ijobiy prognoz: Ijobiy prognoz energiya tariflari va davlat korxonalarini boshqarishni yaxshilash bo\u2018yicha islohotlarning davom etishi, shuningdek, oltin narxlarining barqarorligiga bo\u2018lgan umidlarni aks ettiradi.<\/strong><\/li>\n<\/ol>\n<h2>Kredit reytingi va prognoz<\/h2>\n<h3>Reyting bo\u2018yicha harakatlar<\/h3>\n<p><strong>S&amp;P Global Ratings 2025 yil 23 mayda O\u2018zbekiston bo\u2018yicha prognozni \u201cijobiy\u201dga o\u2018zgartirdi, reytinglarni &#8216;BB-\/B&#8217; darajasida saqlab qoldi. Ijobiy prognoz islohotlarning davom etishi, fiskal konsolidatsiya va yuqori oltin narxlari orqali eksportni qo\u2018llab-quvvatlashga bo\u2018lgan umidlarni ko\u2018rsatadi.<\/strong><\/p>\n<h3>Reytingni oshirish ssenariylari<\/h3>\n<p><strong>S&amp;P reytingni quyidagi hollarda oshirishi mumkin:<\/strong><\/p>\n<ul>\n<li><strong>Energiya sektoridagi islohotlar va davlat korxonalar\u0131 ustidan nazoratni yaxshilash muvaffaqiyatli amalga oshirilsa.<\/strong><\/li>\n<li><strong>Byudjet va joriy hisob taqchilligi iqtisodiy o\u2018sishga putur yetkazmasdan mo\u2018tadil darajada saqlansa.<\/strong><\/li>\n<\/ul>\n<h3>Prognozni pasaytirish ssenariylari<\/h3>\n<p>Prognoz \u201cbarqaror\u201dga qayta ko\u2018rib chiqilishi mumkin, agar:<\/p>\n<ul>\n<li>Tashqi va fiskal taqchillik savdo shartlarining noqulayligi, yuqori davlat xarajatlari yoki qarz olish xarajatlari o\u2018sishi tufayli kutilgandan ortiq kuchaysa.<\/li>\n<li>Iqtisodiy o\u2018sish, masalan, qarz bilan moliyalashtirilgan investitsiya loyihalaridan kutilgan natijalarning pastligi tufayli sezilarli darajada pasaysa.<\/li>\n<\/ul>\n<h2>Iqtisodiy profil<\/h2>\n<h3>Iqtisodiy o\u2018sish<\/h3>\n<p>O\u2018zbekiston iqtisodiyoti 2024 yilda axborot va kommunikatsiyalar, qurilish va savdo sektorlaridagi kuchli ko\u2018rsatkichlar tufayli 6,5% o\u2018sishni amalga oshirdi. 2021\u20132023 yillarda real YAIMning o\u2018rtacha yillik o\u2018sishi taxminan 6,8%ni tashkil etdi. S&amp;P 2025\u20132028 yillarda YAIMning o\u2018rtacha yillik o\u2018sishi 5,6% bo\u2018lishini prognoz qilmoqda. Bu o\u2018sish quyidagi omillar bilan qo\u2018llab-quvvatlanmoqda:<\/p>\n<ul>\n<li><strong>Yuqori darajadagi investitsiyalar: 2024 yilda investitsiyalarning YAIMga nisbati taxminan 33%ni tashkil etdi, bu dunyodagi eng yuqori ko\u2018rsatkichlardan biridir.<\/strong><\/li>\n<li><strong>Davlat investitsiyalari: \u201cO\u2018zbekiston-2030\u201d strategiyasi energiya, transport, telekommunikatsiya, qishloq xo\u2018jaligi va turizmni rivojlantirishga qaratilgan.<\/strong><\/li>\n<li><strong>Energiya sektoridagi islohotlar: 2023 yil oktyabridan boshlab elektr energiyasi va gaz tariflarini oshirish boshlandi, bu 2027 yilga kelib real xarajatlarni aks ettirishi kerak.<\/strong><\/li>\n<\/ul>\n<p>Global savdo keskinliklariga qaramay, O\u2018zbekiston iqtisodiyoti barqarorligini saqlab qolmoqda, buning asosiy sababi 2024 yilda 30% ga oshgan va 14,8 milliard dollarga (YAIMning 13%) yetgan muhojirlarning pul o\u2018tkazmalaridir.<\/p>\n<h3>Demografik va ijtimoiy jihatlar<\/h3>\n<ul>\n<li>2025 yilda aholi jon boshiga YAIM 3300 dollar deb baholanmoqda, bu dunyo standartlari bo\u2018yicha past ko\u2018rsatkichdir.<\/li>\n<li>Aholining taxminan 25% qishloq xo\u2018jaligida band, bu iqtisodiyotning 18% ni tashkil qiladi.<\/li>\n<li>Demografik profil qulay: aholining taxminan 90% ishchi yoshda yoki undan kichik, bu mehnat kuchlari orqali o\u2018sish uchun imkoniyat yaratadi. Biroq, ish o\u2018rinlarining o\u2018sishi talabga mos kelmasligi mumkin, ayniqsa, o\u2018zbek muhojirlarining aksariyati ishlovchi Rossiya iqtisodiyotiga bog\u2018liqlikni hisobga olganda.<\/li>\n<\/ul>\n<h3>Tashqi xavflar<\/h3>\n<p>O\u2018zbekiston Rossiya-Ukraina urushining ta\u2019sirini muvaffaqiyatli yengib o\u2018tmoqda:<\/p>\n<ul>\n<li>2024 yilda Rossiya bilan savdo 15% ga oshib, 11,6 milliard dollarga yetdi.<\/li>\n<li>2023 yil oktyabrida \u201cGazprom\u201d bilan kunlik 9 million kub metr gaz importi bo\u2018yicha ikki yillik shartnoma imzolandi.<\/li>\n<li>Biroq, Rossiya bilan hamkorlik qiluvchi o\u2018zbek kompaniyalariga AQSh va YI tomonidan ikkilamchi sanksiyalar qo\u2018yilishi xavfi saqlanib qolmoqda. Buning javobi sifatida hukumat kuchli tekshiruv jarayonlarini, avtomatlashtirilgan skrining choralarini va stress-testlashni joriy qilmoqda.<\/li>\n<\/ul>\n<h2>Fiskal va tashqi siyosat<\/h2>\n<h3>Fiskal konsolidatsiya<\/h3>\n<ul>\n<li><strong>Byudjet taqchilligining kamayishi<\/strong>: 2023 yilda taqchillik YAIMning 4,9% ni, 2024 yilda 3,3% ni tashkil etdi, 2025\u20132028 yillarda esa o\u2018rtacha 3,0% bo\u2018lishi prognoz qilinmoqda. Bu oltin narxlarining o\u2018sishi, subsidiyalarning kamayishi va yuqori nominal YAIM o\u2018sishi bilan qo\u2018llab-quvvatlanadi.<\/li>\n<li><strong>Davlat qarzining o\u2018sishi<\/strong>: Hukumatning sof qarzi 2024 yildagi 23% dan 2028 yilga kelib YAIMning 34% ga oshadi. Davlat tomonidan kafolatlangan qarzni hisobga olganda, umumiy qarz 2024 yildagi 33% dan 2028 yilga kelib 40% ga oshadi.<\/li>\n<li><strong>Davlat qarzi to\u2018g\u2018risidagi qonun<\/strong>: 2023 yil aprelida tasdiqlangan bu qonun qarzning YAIMga nisbatan 60% lik chegarasini belgilaydi va 50% dan oshganda tuzatish choralarini talab qiladi.<\/li>\n<li><strong>GRE xavflari<\/strong>: Davlat korxonalarining kafolatlanmagan qarzi 2024 yilda YAIMning 4,6% ni tashkil etdi, va uning hukumat balansiga o\u2018tishi xavfi mavjud.<\/li>\n<\/ul>\n<h3>Tashqi pozitsiya<\/h3>\n<ul>\n<li><strong>Joriy hisob taqchilligi<\/strong>: 2024 yilda YAIMning 5,0% ni tashkil etdi, 2025\u20132028 yillarda esa o\u2018rtacha 5,7% bo\u2018lishi prognoz qilinmoqda, bu oltin narxlarining pasayishi va investitsiya loyihalari uchun importning oshishi bilan bog\u2018liq.<\/li>\n<li><strong>Valyuta zaxiralari<\/strong>: O\u2018zbekiston Markaziy bankining foydalaniladigan zaxiralari 2025\u20132028 yillarda joriy hisob to\u2018lovlarini taxminan yetti oy davomida qoplaydi. Zaxiralarning 77% oltin zaxiralaridan iborat, bu narxlar pasayganda konsentratsiya xavfini yaratadi.<\/li>\n<li><strong>Eksport<\/strong>: 2024 yilda tovar eksportining 38% ni oltin tashkil etdi. 2025 yilda yuqori oltin narxlari eksportni qo\u2018llab-quvvatlaydi, garchi kelajakda narxlar pasayishi prognoz qilinmoqda.<\/li>\n<li><strong>Tashqi qarz<\/strong>: Infrastruktura va ijtimoiy dasturlarga investitsiyalar tufayli o\u2018smoqda. Joriy hisob taqchilligini moliyalashtirish asosan imtiyozli qarz va to\u2018g\u2018ridan-to\u2018g\u2018ri xorijiy investitsiyalar orqali amalga oshiriladi.<\/li>\n<\/ul>\n<h2>Monetar siyosat<\/h2>\n<h3>Samardorlik va cheklovlar<\/h3>\n<ul>\n<li>Monetar siyosatning samardorligi, xususan, 2017 yilda valyuta kursining liberallashtirilishidan (crawl-like peg rejimi) keyin yaxshilandi.<\/li>\n<li>Markaziy bank (MB) valyuta bozoridagi o\u2018zgarishlarni yumshatish va mahalliy oltin xaridlaridan kelib chiqadigan likvidlikni sterilizatsiya qilish uchun vaqti-vaqti bilan aralashadi.<\/li>\n<li>Cheklovlar quyidagilarni o\u2018z ichiga oladi:\n<ul>\n<li>Yuqori dollarizatsiya (2024 yilda kreditlarning 41% va depozitlarning 26% AQSh dollarida).<\/li>\n<li>Davlat banklarining ustunligi (sektor aktivlarining 65% ni egallaydi).<\/li>\n<li>MBning mustaqilligi siyosiy aralashuv va imtiyozli kreditlash dasturlari tufayli cheklangan.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>Inflyatsiya<\/h3>\n<ul>\n<li>2025 yilda inflyatsiya 10,1% deb prognoz qilinmoqda (2020\u20132024 yillardagi o\u2018rtacha 11,1% dan pasayish), 2028 yilga kelib esa 8,6% ga tushishi kutilmoqda.<\/li>\n<li>MB energiya tariflarining oshishi tufayli inflyatsiyaga qarshi kurashish maqsadida 2025 yil mart oyida asosiy stavkani 14,0% ga oshirdi.<\/li>\n<\/ul>\n<h3>Bank sektori<\/h3>\n<ul>\n<li>Sektor iqtisodiy o\u2018sish, past moliyaviy inklyuziya (uy xo\u2018jaliklari qarzi YAIMning 10% dan kam) va kreditlarga bo\u2018lgan talabning oshishi tufayli barqarorlikni ko\u2018rsatmoqda.<\/li>\n<li>Krup davlat banklari (SQB va Asaka)ni xususiy-lashtirish rejalashtirilmoqda, lekin bu ularning foydaliligi va samardorligini oshirish uchun vaqt talab qiladi.<\/li>\n<li>Tartibga solish reaktiv xususiyatga ega, lekin sekin-astalik bilan yaxshilanmoqda.<\/li>\n<\/ul>\n<h2>Asosiy iqtisodiy ko\u2018rsatkichlar<\/h2>\n<h3>Jadval 1: O\u2018zbekistonning tanlangan ko\u2018rsatkichlari<\/h3>\n<table style=\"width: 99.38%;\">\n<thead>\n<tr>\n<th style=\"width: 55.4502%;\">Ko\u2018rsatkich<\/th>\n<th style=\"width: 6.79305%; text-align: center;\"><strong>2019<\/strong><\/th>\n<th style=\"width: 7.26698%; text-align: center;\"><strong>2020<\/strong><\/th>\n<th style=\"width: 6.79305%; text-align: center;\"><strong>2021<\/strong><\/th>\n<th style=\"width: 7.109%; text-align: center;\"><strong>2022<\/strong><\/th>\n<th style=\"width: 7.109%; text-align: center;\"><strong>2023<\/strong><\/th>\n<th style=\"width: 72.5118%; text-align: center;\"><strong>2024<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"width: 55.4502%;\"><strong>Nominal YAIM (mlrd doll. AQSh)<\/strong><\/td>\n<td style=\"width: 6.79305%; text-align: center;\"><strong>67<\/strong><\/td>\n<td style=\"width: 7.26698%; text-align: center;\"><strong>66<\/strong><\/td>\n<td style=\"width: 6.79305%; text-align: center;\"><strong>77<\/strong><\/td>\n<td style=\"width: 7.109%; text-align: center;\"><strong>90<\/strong><\/td>\n<td style=\"width: 7.109%; text-align: center;\"><strong>103<\/strong><\/td>\n<td style=\"width: 72.5118%; text-align: center;\"><strong>114<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 55.4502%;\"><strong>Aholi jon boshiga YAIM (ming doll. AQSh)<\/strong><\/td>\n<td style=\"width: 6.79305%; text-align: center;\"><strong>2,0<\/strong><\/td>\n<td style=\"width: 7.26698%; text-align: center;\"><strong>1,9<\/strong><\/td>\n<td style=\"width: 6.79305%; text-align: center;\"><strong>2,2<\/strong><\/td>\n<td style=\"width: 7.109%; text-align: center;\"><strong>2,5<\/strong><\/td>\n<td style=\"width: 7.109%; text-align: center;\"><strong>2,8<\/strong><\/td>\n<td style=\"width: 72.5118%; text-align: center;\"><strong>3,1<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 55.4502%;\"><strong>Real YAIM o\u2018sishi (%)<\/strong><\/td>\n<td style=\"width: 6.79305%; text-align: center;\"><strong>6,8<\/strong><\/td>\n<td style=\"width: 7.26698%; text-align: center;\"><strong>1,6<\/strong><\/td>\n<td style=\"width: 6.79305%; text-align: center;\"><strong>8,0<\/strong><\/td>\n<td style=\"width: 7.109%; text-align: center;\"><strong>6,0<\/strong><\/td>\n<td style=\"width: 7.109%; text-align: center;\"><strong>6,3<\/strong><\/td>\n<td style=\"width: 72.5118%; text-align: center;\"><strong>6,1<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 55.4502%;\"><strong>Investitsiyalar\/YAIM (%)<\/strong><\/td>\n<td style=\"width: 6.79305%; text-align: center;\"><strong>34,4<\/strong><\/td>\n<td style=\"width: 7.26698%; text-align: center;\"><strong>33,2<\/strong><\/td>\n<td style=\"width: 6.79305%; text-align: center;\"><strong>34,0<\/strong><\/td>\n<td style=\"width: 7.109%; text-align: center;\"><strong>32,9<\/strong><\/td>\n<td style=\"width: 7.109%; text-align: center;\"><strong>34,3<\/strong><\/td>\n<td style=\"width: 72.5118%; text-align: center;\"><strong>33,0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 55.4502%;\"><strong>Eksport\/YAIM (%)<\/strong><\/td>\n<td style=\"width: 6.79305%; text-align: center;\"><strong>25,4<\/strong><\/td>\n<td style=\"width: 7.26698%; text-align: center;\"><strong>21,9<\/strong><\/td>\n<td style=\"width: 6.79305%; text-align: center;\"><strong>21,3<\/strong><\/td>\n<td style=\"width: 7.109%; text-align: center;\"><strong>23,3<\/strong><\/td>\n<td style=\"width: 7.109%; text-align: center;\"><strong>24,4<\/strong><\/td>\n<td style=\"width: 72.5118%; text-align: center;\"><strong>22,0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 55.4502%;\"><strong>Joriy hisob taqchilligi\/YAIM (%)<\/strong><\/td>\n<td style=\"width: 6.79305%; text-align: center;\"><strong>(5,0)<\/strong><\/td>\n<td style=\"width: 7.26698%; text-align: center;\"><strong>(4,6)<\/strong><\/td>\n<td style=\"width: 6.79305%; text-align: center;\"><strong>(6,3)<\/strong><\/td>\n<td style=\"width: 7.109%; text-align: center;\"><strong>(3,2)<\/strong><\/td>\n<td style=\"width: 7.109%; text-align: center;\"><strong>(7,6)<\/strong><\/td>\n<td style=\"width: 72.5118%; text-align: center;\"><strong>(5,0)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 55.4502%;\"><strong>Hukumatning sof qarzi\/YAIM (%)<\/strong><\/td>\n<td style=\"width: 6.79305%; text-align: center;\"><strong>5,2<\/strong><\/td>\n<td style=\"width: 7.26698%; text-align: center;\"><strong>10,7<\/strong><\/td>\n<td style=\"width: 6.79305%; text-align: center;\"><strong>14,9<\/strong><\/td>\n<td style=\"width: 7.109%; text-align: center;\"><strong>17,1<\/strong><\/td>\n<td style=\"width: 7.109%; text-align: center;\"><strong>20,7<\/strong><\/td>\n<td style=\"width: 72.5118%; text-align: center;\"><strong>23,0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 55.4502%;\"><strong>Hukumatning umumiy qarzi\/YAIM (%)<\/strong><\/td>\n<td style=\"width: 6.79305%; text-align: center;\"><strong>28,5<\/strong><\/td>\n<td style=\"width: 7.26698%; text-align: center;\"><strong>36,6<\/strong><\/td>\n<td style=\"width: 6.79305%; text-align: center;\"><strong>34,8<\/strong><\/td>\n<td style=\"width: 7.109%; text-align: center;\"><strong>33,0<\/strong><\/td>\n<td style=\"width: 7.109%; text-align: center;\"><strong>32,4<\/strong><\/td>\n<td style=\"width: 72.5118%; text-align: center;\"><strong>33,0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 55.4502%;\"><strong>Inflyatsiya (IPC, %)<\/strong><\/td>\n<td style=\"width: 6.79305%; text-align: center;\"><strong>14,5<\/strong><\/td>\n<td style=\"width: 7.26698%; text-align: center;\"><strong>13,0<\/strong><\/td>\n<td style=\"width: 6.79305%; text-align: center;\"><strong>10,8<\/strong><\/td>\n<td style=\"width: 7.109%; text-align: center;\"><strong>11,4<\/strong><\/td>\n<td style=\"width: 7.109%; text-align: center;\"><strong>10,4<\/strong><\/td>\n<td style=\"width: 72.5118%; text-align: center;\"><strong>9,7<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>2025\u20132028 yillarga ko\u2018zda tutilgan prognozlar<\/h3>\n<ul>\n<li>O\u2018rtacha yillik YAIM o\u2018sishi: 5,6%.<\/li>\n<li>Joriy hisob taqchilligi: YAIMning 5,7%.<\/li>\n<li>Hukumatning sof qarzi: 2028 yilga kelib YAIMning 34%.<\/li>\n<li>Inflyatsiya: 2025 yilda 10,1% dan 2028 yilga kelib 8,6% ga pasayish.<\/li>\n<\/ul>\n<h2>Reyting cheklovlari<\/h2>\n<p>O\u2018zbekistonning reytinglari quyidagi omillar bilan cheklangan:<\/p>\n<ul>\n<li>Aholi jon boshiga past YAIM.<\/li>\n<li>Xom ashyo narxlariga, xususan, oltinga yuqori bog\u2018liqlik.<\/li>\n<li>Dollarizatsiya va davlatning bank sektoriga ta\u2019siri tufayli monetar siyosatning cheklangan moslashuvchanligi.<\/li>\n<\/ul>\n<h2>Ekologik, ijtimoiy va boshqaruv (ESG) omillari<\/h2>\n<p>S&amp;P prognozning o\u2018zgarishi qisman boshqaruv omillari, jumladan, davom etayotgan islohotlar va shaffoflik hamda boshqaruv samardorligini yaxshilash bo\u2018yicha sa\u2019y-harakatlar bilan bog\u2018liq ekanini ta\u2019kidlaydi.<\/p>\n<h2>Xulosa<\/h2>\n<p><strong>O\u2018zbekiston bo\u2018yicha prognozning \u201cijobiy\u201dga o\u2018zgarishi iqtisodiy islohotlardagi muvaffaqiyatlar, barqaror o\u2018sish va oltin narxlarining qulayligi kabi tashqi shartlarni aks ettiradi. Biroq, mamlakat xom ashyoga bog\u2018liqlik va yuqori dollarizatsiya kabi muammolarga duch kelmoqda. Energiya sektori va davlat korxonalarini boshqarishdagi islohotlarning davom etishi, shuningdek, qarz yukining mo\u2018tadil o\u2018sishi kelajakda reytingni oshirishi mumkin. Yosh aholi va strategik investitsiyalar bilan qo\u2018llab-quvvatlanangan O\u2018zbekiston kelajakdagi iqtisodiy rivojlanish uchun muhim imkoniyatlarni namoyish etmoqda.<\/strong><\/p>\n<p>S&amp;P Global Ratings hisobotini batafsil o\u2018rganish uchun quyidagi manzilga tashrif buyuring: <a href=\"https:\/\/disclosure.spglobal.com\/ratings\/en\/regulatory\/article\/-\/view\/type\/HTML\/id\/3376112\" target=\"_blank\" rel=\"noopener\">https:\/\/disclosure.spglobal.com\/ratings\/en\/regulatory\/article\/-\/view\/type\/HTML\/id\/3376112<\/a><\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>S&#038;P Global Ratings O\u2018zbekiston bo\u2018yicha prognozni \u201cbarqaror\u201ddan \u201cijobiy\u201dga o\u2018zgartirdi.<\/p>\n","protected":false},"author":1,"featured_media":2018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-4846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/invexi.org\/uz\/wp-json\/wp\/v2\/posts\/4846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/invexi.org\/uz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/invexi.org\/uz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/invexi.org\/uz\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/invexi.org\/uz\/wp-json\/wp\/v2\/comments?post=4846"}],"version-history":[{"count":3,"href":"https:\/\/invexi.org\/uz\/wp-json\/wp\/v2\/posts\/4846\/revisions"}],"predecessor-version":[{"id":4849,"href":"https:\/\/invexi.org\/uz\/wp-json\/wp\/v2\/posts\/4846\/revisions\/4849"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/invexi.org\/uz\/wp-json\/wp\/v2\/media\/2018"}],"wp:attachment":[{"href":"https:\/\/invexi.org\/uz\/wp-json\/wp\/v2\/media?parent=4846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/invexi.org\/uz\/wp-json\/wp\/v2\/categories?post=4846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/invexi.org\/uz\/wp-json\/wp\/v2\/tags?post=4846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}