BAKU, Azerbaijan, November 10. Standard & Poor's (S&P) Global Ratings agency noted that Azerbaijan’s Entrepreneurship Development Fund plans to attract financial resources from international financial institutions in a few years, Trend reports citing the agency.
"New loans are financed from repayment of principal amount of debt and interest on maturing loans as well as from the fund’s own capital. The Fund plans to attract some resources from international financial institutions in a few years, such as the Asian Development Bank (ADB) and the European Bank for Reconstruction and Development (EBRD)," the agency said.
S&P Global Ratings considers the Fund's liquidity adequate.
"Cash and government securities accounted for about nine percent of the fund's total assets as of the middle of 2022," the agency stated.
In addition, S&P Global Ratings agency assigned short-term and long-term ratings to Azerbaijan’s Entrepreneurship Development Fund at BB-/B level with stable outlook.