Azerbaijan, Baku, May 21/ Trend , N.Ismaylova /
International rating agency Fitch Ratings will reconsider ratings of two banks of Azerbaijan, director of the Fitch Moscow analytical group on financial institutions Vladimir Markelov said in Baku on May 21.
"We are planning to, within a month or a shorter period, to reconsider the ratings of International Bank of Azerbaijan (IBA) and Kapital Bank," said Markelov.
According to him, both banks are of great importance for the country, and therefore, the Agency attaches great importance to the assessment of their ratings.
In April, Fitch Ratings approved Issuer Default Ratings (IDRs) for five Azerbaijani banks. Fitch approved IDRs for AGBank and Texnika Bank at the level of "B-" (B minus) and changed the outlook on the ratings of both banks from "Stable" to "Negative."
At the same time, Fitch approved long-term IDRs for other three Azerbaijani banks - AccessBank (rating "BB +"), Azerdemiryolbank (rating "B-" (B minus) and Unibank (rating "B-" (B minus) - with "Stable" outlook.
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