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, and the outlook on it was changed to “negative” in April.
Earlier, the international ratings agency Fitch Ratings also approved of the long-term issuer default rating (IDR) of Azerbaijan at “BB+” with the forecast “negative”, and forecast the short-term IDR both in foreign and local currencies at “B”. (Trend/Business World Magazine)
