...

Affirmed Azerbaijan's rating will provide more profitable conditions for attracting foreign investors (VIDEO)

Commentary Materials 18 May 2011 18:07 (UTC +04:00)
Fitch Ratings revised yesterday Azerbaijan's rating Outlook to Positive from Stable and affirmed its Long-term foreign and local currency Issuer Default Ratings at 'BBB-'. Confirmation of Azerbaijan`s credit rating in the investment level will facilitate Azerbaijani companies to attract borrowing on international financial markets, and to issue securities.
Affirmed Azerbaijan's rating will provide more profitable conditions for attracting foreign investors (VIDEO)

Azerbaijan , Baku, 18 May / Trend /

Trend commentator Narmina Ismaylova

Fitch Ratings revised yesterday Azerbaijan's rating Outlook to Positive from Stable and affirmed its Long-term foreign and local currency Issuer Default Ratings at 'BBB-'. Confirmation of Azerbaijan`s credit rating in the investment level will facilitate Azerbaijani companies to attract borrowing on international financial markets, and to issue securities.

In addition, government of Azerbaijan has plans to issue eurobonds in 2012. Affirmed rating with Positive outlook will raise interest to country's sovereign bonds and provide more profitable conditions for attracting foreign investors. Revised Outlook will also raise the credibility of the country from the international financial community and simplify the conditions for Azerbaijan to enter the global capital markets. The country's business entities can also revise plans, and start placing eurobonds on foreign markets earlier than the date published before.

Get the Flash Player to see this player.
Latest

Latest