According to analysts of Moody's Investors Service, Azerbaijan solvency has considerably increased following the development of new oil and gas fields and construction of pipelines, Trend reports citing RBK.
Experts of the agency expect high increase of government revenues from oil export in the subsequent 10-15 years.
The country ceiling for rating of T-bills in foreign currency is at the level of Baa2, while rating of T-bills in foreign currency - Ba1, forecast on rating is stable. The indicators mirror the Moody's analysts confidence that imposing moratorium on payment of default of T-bills is less probable.
At the same time Moody's regarded relatively undeveloped system of economic institutions of Azerbaijan, which of vital importance for the governance of economic effects, linked with crude export.