BAKU, Azerbaijan, Aug.1
By Fidan Babayeva - Trend:
Moody's announced completion of periodic review of the ratings of Kapital Bank OJSC, Azerbaijan International Bank, Xalq Bank, Bank Respublika and Bank of Baku, Trend reports referring to report data of the international credit rating agency Moody’s for Azerbaijan.
According to the data, the agency currently estimates Kapital Bank at Ba3, Azerbaijan International Bank - at B1, Xalq Bank - at B2, Bank Respublika - at B3, and Bank of Baku - at Caa1 levels.
Moreover, the agency rated Kapital Bank as b1 in terms of Baseline Credit Assessment (BCA), Azerbaijan International Bank, Xalq Bank and Bank Respublika as b3 and Bank of Baku as caa1 for the same criteria.
As earlier reported, Moody's has assigned a credit rating to Azerbaijan at the level of Ba2 with a stable outlook.