Baku, Azerbaijan, Aug. 1
By Anvar Mammadov – Trend:
The international ratings agency Moody’s Investors Service has confirmed Azerbaijan’s long-term issuer and senior unsecured debt ratings at Ba1 and assigned a negative outlook.
Azerbaijan’s rating was changed in February 2016, and the outlook on it was changed to “negative” in April 2016.
Earlier, the international ratings agency Fitch Ratings also approved the long-term issuer default rating (IDR) of Azerbaijan at “BB+” with the forecast “negative”, and forecasted the short-term IDR both in foreign and local currencies at “B”.